As per recent news, Barrick Gold of Canada will restart the Reko Diq project with a 50% share, while the remaining 50% will be reserved for the Government of Pakistan (GoP) and the Government of Balochistan (GoB).
According to a report by Arif Habib Limited (AHL), once the financial closure is acheieved, investing in the country will result in increased FDIs. Furthermore, from 2026 to 2027, the project is estimated to add USD 3-4 billion to the country’s overall exports, supporting export diversification and helping to stabilize the Pak Rupee against external pressures.
Once the project is in working state, the agreement will allow Pakistan to earn additional revenue. The overall average revenue for the first ten years is estimated to be $2.9 billion, rising to $3.7 billion after Phase 2 is completed.
According to Prime Minister Imran Khan’s nnouncement, Barrick Gold and Antofagasta have successfully resolved a dispute over Reko Diq, which included a $11 billion penalty, through World Bank arbitration.