Barrick eyes mineral processing investments in Karachi, Gwadar
A delegation from Barrick Mining Corporation on Friday expressed interest in investing in mineral processing industries in Karachi and Gwadar.
The development came during a meeting between Prime Minister Shehbaz Sharif and the delegation, led by Barrick Chairman John Thornton, in Islamabad, according to a statement issued by the Prime Minister’s Office (PMO).
The delegation described the government’s decision to organise the Pakistan Minerals Investment Forum 2026 as an important step towards developing the country’s mineral sector, the PMO said.
During the meeting, PM Shehbaz said Pakistan was rich in natural resources and mineral wealth, adding that harnessing these resources for Balochistan’s development and the prosperity of its people was a government priority.
He expressed confidence that major projects such as Reko Diq would create employment opportunities, promote skills development and contribute to economic growth in Balochistan.
The prime minister stressed that local communities must directly benefit from mineral projects. He said the government wanted to provide employment and skills training to local youth while supporting the development of areas surrounding mining sites.
Describing Reko Diq as a major milestone for investment in Pakistan’s mineral sector, PM Shehbaz said its successful implementation would set a benchmark for future mineral projects in the country.
He said the government was committed to tapping Pakistan’s mineral potential and attracting international investment by creating a conducive environment through trade, investment, infrastructure development and modern technology.
The prime minister also expressed his desire to benefit from Barrick’s expertise and experience in developing Pakistan’s mineral sector beyond the Reko Diq project.
The meeting also discussed policy, regulatory and infrastructure frameworks needed to support the development of the country’s mineral industry.
The Barrick delegation appreciated the government’s initiative to organise the Pakistan Minerals Investment Forum, calling it an important step towards advancing the mineral sector.
It also expressed keen interest in investing in mineral processing industries in Karachi and Gwadar.