ISLAMABAD: A bulk cargo terminal operating at Pakistan’s Port Qasim has signed an agreement to handle and export copper-gold commodities from Reko Diq, including minerals, metals and other natural earth resources, in a move expected to support multibillion-dollar mineral exports from the country, the company said on Monday.
The terminal operator, Pakistan International Bulk Terminal Limited (PIBT), said the agreement positions it as the primary export gateway for Reko Diq’s mineral output and strengthens Pakistan’s ambitions to expand its footprint in global commodity markets.
The deal covers logistics, storage and exports for output from the Reko Diq copper-gold project in southwestern Balochistan province, one of the world’s largest undeveloped mineral deposits, with shipments expected to begin from 2028.
“This agreement is a historic milestone for PIBT and Pakistan, enabling exports from one of the world’s most significant mining projects and serving as a cornerstone for national economic growth,” Sharique Azim Siddiqui, CEO of PIBT, said in a statement.
He expressed appreciation to the government, the Special Investment Facilitation Council, the Ministry of Maritime Affairs and the Port Qasim Authority for their “pivotal role.”
