QUETTA: Five leading Pakistani business groups—Lake City Holdings, Fatima Group, Deen Group, Hilton Group and Surti Group—have announced plans to invest billions of dollars in Balochistan’s mineral sector, underscoring growing private-sector interest in the province’s vast natural resources. Collectively, these groups have an estimated market value of around $5 billion.
The announcement follows the disclosure by Mari Energies Limited that its wholly owned subsidiary, Mari Minerals (Private) Limited, has entered into a joint venture agreement with Globacore Minerals Limited to undertake mineral exploration activities in Balochistan.
Speaking at a recent ceremony, former federal minister and prominent businessman Gohar Ejaz said the launch of large-scale mineral development would mark the beginning of a new era of peace, progress and employment opportunities across the country. He noted that increased investment in the sector would not only create jobs but also contribute to long-term economic stability.
Under the joint venture, Mari Minerals and Globacore Minerals—an exploration company with experience in gold and copper deposits—will invest in the exploration of precious minerals in the Chagai district. Ejaz emphasised that Balochistan is rich in untapped mineral resources and said the entry of local Pakistani companies into the sector would help unlock the province’s economic potential and drive sustained development.
