ISLAMABAD: Pakistan International Bulk Terminal Limited (PIBT) has signed an agreement to handle and export copper-gold commodities from Reko Diq. The deal covers minerals, metals, and other natural earth resources.
PIBT said the agreement positions it as the primary export gateway for Reko Diq’s mineral output. It will support Pakistan’s push to expand in global commodity markets.
The deal includes logistics, storage, and export operations for the Reko Diq copper-gold project in southwestern Balochistan. Shipments are expected to begin in 2028.
“This agreement is a historic milestone for PIBT and Pakistan,” said CEO Sharique Azim Siddiqui. “It enables exports from one of the world’s most significant mining projects and supports national economic growth.”
He thanked the government, the Special Investment Facilitation Council, the Ministry of Maritime Affairs, and the Port Qasim Authority for their roles.
Barrick Mining Corporation, the developer of Reko Diq, also welcomed the agreement.
KARACHI: PIBT has signed a deal with Reko Diq Mining Company to handle cargo concentrate and secured supplemental concessions from the Port Qasim Authority to manage handling, storage and export of copper-gold and other mineral commodities, the company informed the PSX on Monday. pic.twitter.com/saHGsADqMh
— HILALIANS (@hilalians8) December 15, 2025
“We are delighted to sign this agreement with PIBT,” said Mark Hill, Barrick’s top official. “It is a key step in ensuring Reko Diq delivers lasting value to stakeholders, especially the people of Balochistan and Pakistan.”
PIBT is a fully mechanized multipurpose bulk terminal at Port Qasim. It was developed with a $305 million investment in partnership with the International Finance Corporation.
Also Read: Reko Diq Project Central to Pakistan’s $1 Trillion Economic Goal by 2040
The terminal handles 12 million tons of imports and 4 million tons of exports annually. Further investments are planned to upgrade its export systems.
