Five of Pakistan’s leading business conglomerates have announced a landmark multi-billion dollar investment into Balochistan’s mining sector, a strategic move facilitated by the Special Investment Facilitation Council (SIFC) aimed at unlocking the region’s vast mineral potential.
According to a statement today, the consortium of investors includes Lake City Holdings, Fatima Group, Deen Group, Hilton Group, and Surti Group. These corporate entities, which collectively hold a market value approaching five billion dollars, have formalized their commitment to the significant capital injection.
This development follows a separate, recently disclosed joint venture agreement between Mari Minerals, a subsidiary of Mari Energies, and GlobaCore Minerals Limited for mineral exploration activities in the province.
Under their partnership, GlobaCore Minerals Limited is also set to channel billions of dollars into the region. The focus of this infusion will be on the exploration of precious minerals, specifically targeting gold and copper deposits within Balochistan”s Chagai District.
In a statement on the matter, former federal minister and prominent industrialist Gohar Ejaz said the initiation of mineral development will create vast opportunities for peace, progress, and employment in the country.