The Reko Diq copper-gold project has secured $6 billion in international financing, with support from the United States, Japan, and top global lenders. The Asian Development Bank (ADB) and World Bank have already cleared $1.05 billion.
Officials say this investment will not only boost Pakistan’s mining industry but also strengthen health, education, and medical development in the region.
The deal, finalized through the Special Investment Facilitation Council (SIFC), is being described as the country biggest-ever foreign investment. Experts believe it could play a decisive role in stabilizing Pakistan’s economy.
According to ADB, the project is expected to fill the global copper shortage while creating thousands of jobs, supporting medical and social programs, and adding momentum to the national recovery. Once in operation, Reko Diq will also attract new investment, improve foreign reserves, and expand the industrial base.
READ MORE: ADB Approves $410 Million for Pakistan’s Reko Diq Copper-Gold Project
Located in Balochistan’s mineral-rich Chagai district, near Iran and Afghanistan, the project is considered a turning point for the region. It is run by a joint venture between Canada’s Barrick Gold and Pakistan’s federal and provincial governments.
Production of copper and gold is scheduled to begin in 2028. With vast reserves and long-term economic potential, Reko Diq is seen as a game-changer for Pakistan’s future growth.
