Pakistan’s mineral sector is set for a major transformation as the Competition Commission of Pakistan (CCP) has released a comprehensive report outlining the far-reaching economic impact of the Reko Diq project and ongoing reforms supported by the Special Investment Facilitation Council (SIFC).
According to the report, Pakistan is richly endowed with rare minerals, including gold, silver, copper, platinum and a wide range of gemstones. The CCP notes that the country’s mining potential remains largely underdeveloped, but recent structural measures have paved the way for a new phase of investment and efficiency.
The report highlights that the Reko Diq project alone is expected to generate $74 billion in revenue over 37 years, marking one of the most significant economic ventures in the country’s mining history.
CCP states that the project’s strong framework for transparency, traceability and refining capacity will help stabilise the national gold supply chain. The planned establishment of a Gold and Gemstone Authority will introduce digital track-and-trace systems and support the development of a formal gold banking mechanism, helping curb undocumented trade.
The CCP further notes that coordinated reforms undertaken by SIFC and the competition watchdog will allow Pakistan’s refining and jewellery industries to expand, improve market transparency and attract formal investment into mineral processing and gemstones value chains.
The Reko Diq project is also expected to create thousands of jobs in Balochistan, stimulate local businesses, and accelerate socio-economic development in the region.
The report acknowledges SIFC’s “revolutionary role” in reviving investor confidence and pushing forward long-delayed reforms in Pakistan’s mining sector. From licensing procedures to regulatory coordination, SIFC has helped streamline operations across multiple mineral domains.
With major reserves, advanced traceability initiatives and the economic potential of Reko Diq, CCP concludes that Pakistan is positioned to emerge as a competitive player in the regional and global minerals market.
