Olive oil from Balochistan has earned international recognition after making a splash at the prestigious New York International Olive Oil Competition (NYIOOC). Competing against over 1,200 brands from across the globe, "Loralai Olives" secured a Silver Award, showcasing the...
The Quetta business community has strongly criticized India’s boycott of Turkish and Azerbaijani products, calling it a reaction to the support extended to Pakistan by both countries during the recent conflict.
Business leaders referred to India's actions, including the cancellation...
Reko Diq mining project is set to make history as the largest Western investment in Pakistan, expected to generate over $75 billion in cash flows during its 37-year lifespan, according to Federal Minister for Petroleum Division Ali Pervaiz Malik.
While...
The financial closure of the Reko Diq copper-gold mining project is anticipated next month, with significant involvement from major international financial institutions, as revealed on Tuesday. Entities such as the U.S. EXIM Bank, U.K. EXIM Bank, and the World...
The Balochistan Cabinet has approved advertising vacant government job positions from grade 1 to 15 to create more employment opportunities in the province. Additionally, it decided to release the current stock of wheat in the open market to ensure...
The Government of Pakistan has authorized the export of potassium sulphate from Gwadar Port following the issuance of a Statutory Regulatory Order (SRO), as reported by Gwadar Pro. Two companies have been granted permission to export potassium sulphate from...
The International Finance Corporation (IFC), the private investment arm of the World Bank, has pledged $300 million in debt financing for the Reko Diq copper-gold mining project, according to an IFC disclosure released on Wednesday.
Barrick Gold is leading the...
Pakistan Petroleum Limited (PPL), a leading exploration and production company in Pakistan, has broadened its mining collaboration with the Government of Balochistan (GoB) by signing an amendment to their 2004 operating agreement concerning the Barytes Project.
The company announced this...
Canadian mining company Barrick Gold Corporation has provisionally approved plans to develop the expansive Reko Diq copper-and-gold project in Pakistan. The company expects to secure a $3 billion funding package for the mine by the third quarter, as reported...
International lenders will provide over $2 billion in financing for Barrick Gold's Reko Diq copper and gold project in Pakistan, with term sheets expected to finalize by early Q3 2025, according to the project’s director, Tim Cribb.
The Reko Diq...
The federal government has agreed to cover Balochistan's 15% equity share for financing Phase-II of the Reko Diq project.This decision followed discussions between Federal Petroleum Minister Ali Pervaiz Malik and Balochistan Chief Minister Sarfraz Bugti in Quetta.
Key topics included...
The Reko Diq project is expected to yield 13.1 million tonnes of copper and 17.9 million ounces of gold over the 37-year life of the mine.
As a formal feasibility study confirmed more than $60 billion worth of copper and...
