ISLAMABAD: A major development has emerged in Balochistan’s mining sector, as five leading Pakistani business conglomerates have announced multi-billion-dollar investment plans for mineral exploration in the province.
This investment is being hailed as a significant step toward mineral development, job creation, and economic stability in the region.
According to Business Recorder, the five major groups , Lakki City Holdings, Fatima Group, Dawood Group, Hilton Group, and Soorty Group have collectively committed billions of dollars to mining projects in Balochistan.
The combined market value of these conglomerates is estimated at approximately $5 billion.
The announcement comes as Mari Energies Limited revealed that its fully owned subsidiary, Mari Minerals (Private) Limited, has signed a joint venture agreement with Globa Core Minerals Limited for mineral exploration in the province.
Speaking at a recent event, former federal minister and prominent businessman Gohar Ejaz stated that the start of mineral development would usher in a new era of peace and prosperity for the country, generating widespread employment opportunities.
Under the agreement, investment will focus on exploring valuable minerals, particularly gold and copper, in the Chagai region.
Mari Minerals is a wholly owned company of Mari Energies, while Globa Core Minerals Limited brings extensive experience in searching for gold and copper reserves in Balochistan.
Gohar Ejaz emphasized that Balochistan is rich in mineral resources, and the fact that local Pakistani companies are now investing there marks the foundation for a new phase of development and prosperity in the province.
Balochistan is the largest province of Pakistan by area and is rich in a wide variety of mineral resources.
The province holds significant reserves of copper and gold, particularly at the Reko Diq and Saindak projects, which are considered among the world’s major undeveloped mineral deposits.
In addition, Balochistan has large quantities of coal, chromite, iron ore, marble, limestone, barite, and gypsum, making it a key region for Pakistan’s mining potential.
Despite its vast mineral wealth, much of Balochistan’s resources remain underdeveloped due to infrastructure gaps, security challenges, and limited investment.
Experts believe that with improved governance, modern mining practices, and local participation, the responsible development of minerals in Balochistan could play a vital role in boosting Pakistan’s economy, creating employment, and supporting long-term regional development
