State-owned Pakistan Petroleum Limited has injected an additional Rs14 billion into the Reko Diq mining project, signaling continued financial backing despite security concerns. The new funding raises its total investment to Rs68.1 billion as development activity advances and authorities emphasize long-term resource potential and national economic benefits.
The Reko Diq project is among the region’s largest copper and gold ventures and is considered strategically important for future exports. Officials view it as a cornerstone initiative capable of attracting foreign investment, strengthening reserves, and boosting industrial growth if executed smoothly under stable security conditions.
The latest contribution was made to Pakistan Minerals Private Limited, which manages the federal government’s shareholding. The entity coordinates financing, oversees equity participation, and ensures collaboration among local partners and international stakeholders involved in exploration, infrastructure development, and production planning phases.
Canada-based Barrick Mining Corporation holds a 50 percent stake in the venture, while the remaining share is split between Pakistani state enterprises and the provincial administration. This ownership structure is designed to balance foreign technical expertise with domestic oversight and long-term national revenue interests.
Within the state consortium, partners include Oil and Gas Development Company Limited and Government Holdings Private Limited, both contributing capital and strategic coordination. Together they support project financing, operational planning, and liaison with regulators to maintain progress across multiple development phases.
The operator has recently launched a comprehensive security and timeline review following incidents in Balochistan. Authorities have reassured investors that enhanced protection measures will safeguard personnel, infrastructure, and future expansion, underscoring official commitment to keeping one of Pakistan’s most valuable mineral projects on track.
Also read: Reko Diq Project Faces Uncertainty Over Balochistan Security Issues
