Balochistan’s mineral sector has witnessed a significant breakthrough as five major Pakistani business groups announced multi-billion-dollar investment plans, marking a major step toward economic stability, job creation, and sustainable development in the province.
According to a report published by Business Recorder, the business groups — Lake City Holdings, Fatima Group, Din Group, Hilton Group, and Surti Group — have pledged substantial investment in mineral exploration projects across Balochistan. The combined market value of these groups is estimated at around 5 billion US dollars, highlighting the scale and seriousness of the investment initiative.
The announcement came after Mari Energies Limited disclosed that its wholly owned subsidiary, Mari Minerals (Private) Limited, has entered into a joint venture agreement with Globacor Minerals Limited for mineral exploration in Balochistan. The partnership aims to explore and develop high-value mineral resources in the province, particularly in mineral-rich regions.
Under the agreement, investment will focus on the Chagai district, which is known for its vast deposits of precious minerals, especially gold and copper. Mari Minerals, operating under Mari Energies, brings technical expertise and financial strength, while Globacor Minerals Limited has extensive experience in gold and copper exploration within Balochistan.
Addressing a recent ceremony, former federal minister and prominent businessman Gohar Ejaz stated that the beginning of large-scale mineral development would usher in a new era of peace, prosperity, and economic growth in Pakistan. He emphasized that mineral exploration projects would create thousands of employment opportunities, particularly for local communities, while strengthening the national economy.
Gohar Ejaz further highlighted that Balochistan is a province rich in natural resources but remained underdeveloped for decades. He said that the involvement of local Pakistani companies in mineral investment reflects growing confidence in the province’s potential and signals a shift toward inclusive and sustainable development.
Experts believe that these investment projects will not only boost mineral production but also improve infrastructure, attract foreign interest, and enhance skill development in the region. The initiative is being viewed as a strategic move to unlock Balochistan’s mineral wealth while ensuring long-term economic stability.
The investment in gold and copper exploration in Chagai is expected to play a critical role in increasing exports, reducing reliance on imports, and strengthening Pakistan’s overall mineral economy.
