ISLAMABAD: In a significant boost for Pakistan’s economic future, the United States, Japan, and leading international financial institutions have pledged $6 billion in funding for the Reko Diq copper and gold project.
The much-needed investment, secured with the backing of the Special Investment Facilitation Council (SIFC), marks a major step forward for one of the country’s largest mineral ventures. Officials confirmed that $1.05 billion has already been cleared by the Asian Development Bank (ADB) and the World Bank, setting the stage for faster execution of the project.
According to the ADB, Reko Diq is poised to play a key role in addressing the global copper shortage while simultaneously generating jobs and fueling regional and social development within Pakistan. Experts believe the project could become a game-changer for foreign investment, showcasing Pakistan’s untapped mineral wealth to the world.
Economic analysts note that the timely completion of Reko Diq, under SIFC’s guidance, will not only inject much-needed momentum into the national economy but also highlight the country’s potential to emerge as a serious player in the global minerals market.
