Barrick Mining Seeks Investment Opportunities in Karachi and Gwadar

ISLAMABAD: A delegation from Barrick Mining Corporation, led by Chairman John Thornton, expressed a strong interest in investing in mineral processing industries in Karachi and Gwadar during a meeting with Prime Minister Shehbaz Sharif on Friday.

The Prime Minister’s Office (PMO) highlighted that the delegation praised the government’s initiative to hold a minerals conference, viewing it as a significant step towards enhancing mineral development in Pakistan. Thornton emphasized the potential for growth in the sector, which could attract further foreign investment.

This interest from Barrick Mining comes at a crucial time for Pakistan, as the government aims to position the country as a competitive destination for long-term investments in the minerals sector. The establishment of processing industries is expected to create jobs and stimulate economic growth in the regions of Karachi and Gwadar.

Looking ahead, the government plans to facilitate further discussions with Barrick Mining and other potential investors to explore opportunities for collaboration in the mineral sector. The upcoming minerals conference is anticipated to serve as a platform for showcasing Pakistan’s mineral wealth and attracting international stakeholders.