Key Takeaways
- PMDC and MTAIC signed a term sheet to explore antimony, copper, gold, and other minerals.
- The project covers 498.82 square kilometers in Pishin, Balochistan.
- The partnership aims to attract foreign investment and create local jobs.
Pakistan and Turkey have signed a term sheet to jointly explore and develop minerals including antimony, copper, and gold in Pishin, Balochistan. The agreement, signed in Islamabad on October 16, 2026, covers Exploration License EL-318, spanning 498.82 square kilometers.
Under the proposed arrangement, the Pakistan Mineral Development Corporation (PMDC) and Türkiye’s MTA International Company (MTAIC) will establish a joint venture company in Pakistan. MTAIC will serve as the operator, providing exploration technology and international expertise.
The project is expected to attract foreign investment, introduce modern mining technology, and create local employment opportunities in Balochistan. The partnership is part of expanding economic cooperation between Pakistan and Türkiye under the High-Level Strategic Cooperation Council framework.
PMDC Managing Director and CEO Engr. Asad Ahmad and MTAIC General Manager Dr. Nail Yıldırım signed the term sheet in the presence of senior officials from both organizations. The signing ceremony took place at PMDC’s head office in Islamabad, with Türkiye’s Ambassador to Pakistan, Dr. İrfan Neziroğlu, attending as chief guest.
Antimony, a critical mineral used in defense equipment, flame retardants, batteries, and electronics, is one of the key minerals targeted by the project. The partnership aims to expand PMDC’s portfolio into critical and precious metals and attract investment to support economic development in Balochistan.
The term sheet sets out the proposed partnership, while the final agreements remain to be completed. The two sides aim to finalize definitive agreements by December 31, 2026.
