Canada’s Barrick Gold will resume the Reko Diq project with a 50 percentstake while the remaining 50 percent will be reserved for the Government ofPakistan (GoP) and the Government of Balochistan (GoB).
According to a report by Arif Habib Limited (AHL), investment in thecountry will be reflected in augmented FDIs once the financial close isachieved. Furthermore, the project is expected to add USD 3-4 billion tothe country’s total exports from 2026-27, supporting diversification ofexports which should cushion the current account and help stabilize the PakRupee against external pressures.
The deal will allow Pakistan to receive more revenue once the project isoperational. The total average revenue for the first ten years is likely tobe $2.9 billion and is expected to increase to $3.7 billion after thecompletion of Phase 2.
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As per the announcement by Prime Minister Imran Khan, Barrick Gold andAntofagasta have successfully ended a dispute on Reko Diq, which includes apenalty amount of $11 billion via World Bank arbitration.
