Quetta: Five major Pakistani business groups, Lake City Holdings, Fatima Group, Deen Group, Hilton Group, and Surti Group, have announced investments worth billions of dollars in Balochistan. Collectively, these companies have a market value of USD 5 billion.
The announcement follows recent developments in the province’s mineral sector, with Mari Energies Limited revealing that its wholly owned subsidiary, Mari Minerals (Private) Limited, has entered into a joint venture with Globacore Minerals Limited for mineral exploration activities in Balochistan. Globacore Minerals brings expertise in exploring gold and copper deposits, particularly in the Chaghai district.
At a ceremony marking the investment announcements, former federal minister and business icon Gohar Ejaz highlighted the potential of Balochistan’s mineral sector to generate economic growth, create jobs, and usher in an era of peace and development.
Ijaz emphasized that Balochistan is rich in mineral resources and praised local companies for taking the lead in investment, signaling a new phase of industrial and economic progress in the province.
The joint ventures and investments are expected to accelerate the development of Balochistan’s mining sector, including projects such as Reko-Diq, which has already attracted international interest from countries including Australia.
Officials said that these local investments, combined with ongoing exploration initiatives, will contribute significantly to regional development, employment generation, and the broader economic stability of Pakistan.
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