Pakistan, April 9 -- Canadian mining giant Barrick Gold Corporation has taken a significant step in developing a large copper and gold project in Pakistan. The company has provisionally approved plans for the Reko Diq project and anticipates signing a $3 billion funding package by the third quarter. This initiative aims to boost the local and national economy while drawing international attention to Pakistan's mining potential.

The financing for the Reko Diq project is primarily led by the World Bank's International Finance Corporation (IFC). Additionally, state funding agencies from the US, Germany, and Japan are participating. Barrick Gold's CEO, Mark Bristow, announced that both the Pakistani and Balochistan governments have provision...