Key Takeaways
- $200 million mining project cleared by SIFC.
- BLZ Project to generate annual revenues of $150–230 million.
- Project expected to boost mineral exports and employment.
The Special Investment Facilitation Council (SIFC) has successfully resolved long-standing lease issues, paving the way for a significant $200 million mining investment in Balochistan. The project, known as the Barite-Lead-Zinc (BLZ) Project, is being developed by Pakistan Petroleum Limited (PPL) in collaboration with Bolan Mining Enterprises (BME).
According to a statement released on Tuesday, PPL will serve as the designated operator and holds a 50% working interest. The BLZ Project, located in Khuzdar, Balochistan, is among Pakistan’s most promising mining ventures, with estimated reserves of 69 million tons and a projected mine life of 34 years.
The project is expected to generate substantial annual revenues ranging from $150–230 million. This investment will significantly contribute to mineral exports, employment generation, and economic development in the region. The BLZ Project is part of Pakistan’s broader strategy to unlock its untapped mining potential and foster sustainable economic growth.
Through SIFC's facilitation, long-pending lease-related issues were successfully resolved, enabling the project to move forward. A major milestone was achieved with the signing of the Operational Agreement during the Pakistan Mineral Forum 2025, marking the commencement of the implementation phase.
The successful advancement of the BLZ Project reflects the government’s commitment to creating an investor-friendly environment by removing bottlenecks and facilitating strategic investments in the mining sector. The project is expected to play a crucial role in strengthening investor confidence and supporting high-impact mineral sector investments.
This achievement underscores SIFC's pivotal role in unlocking Pakistan’s untapped mining potential, reinforcing the country’s commitment to developing its mineral resources responsibly.
