Reko Diq Funding Approved, $74B Revenue Potential Expected

According to Pakistan Television Corporation Limited, the #RekoDiq copper and gold project has hit a major development milestone with the approval of it’s first-phase funding based on a detailed feasibility study. The project, projected to yield $74 billion in free cash flow, offers a great growth opportunity to the national economy.

The joint venture, involving Barrick Gold Investments and the Government of Pakistan and Balochistan, plans to double its processing capacity to a whooping 90 million tons annually by 2034. Meanwhile at the @Pakistan Minerals Investment Forum 2025, global investors also showed strong interest in Reko Diq among other mineral assets, in line with the growing confidence in Pakistan’s mining sector.

While the project will create 4,000 permanent jobs and employ 7,500 workers during the construction phase, discussions for phase-one financing, expected to secure over $2 billion from international lenders, are ongoing. With term sheets anticipated by early Q3, production is set to begin in 2028.