Pakistan Secures \$6 Billion Funding for Reko Diq Project with Global Backing
Islamabad:In a major boost to Pakistan’s economic development, international financial institutions — including those from the United States, Japan, and global lenders — have approved a massive \$6 billion funding package for the Reko Diq project, with the support of the Special Investment Facilitation Council (SIFC).
Out of the total funding, \$1.05 billion has already been approved jointly by the Asian Development Bank (ADB) and the World Bank. According to ADB, the Reko Diq project is poised to help address the global copper shortage and is expected to significantly contribute to employment generation, regional uplift, and socio-economic development within Pakistan.
Experts believe the mineral wealth of Reko Diq represents one of the largest foreign direct investments in Pakistan’s history and could become a cornerstone of the country’s economic transformation.
Officials emphasized that with the facilitation of SIFC, the Reko Diq project will play a pivotal role in shaping Pakistan’s economic future, driving both local development and international investor confidence.
