ISLAMABAD: In a significant move aimed at strengthening Pakistan’s mineral sector and bolstering economic stability, a US bank has officially approved $1.25 billion in crucial financing for mining activities related to the Reko Diq project. This substantial commitment underscores increasing international confidence in Pakistan’s mega-projects.
U.S. Chargé d’Affaires to Pakistan, Natalie E. Baker, confirmed the major financial approval, stating that the funding is specifically designated to support the mining and mineral development operations at Reko Diq, one of Pakistan’s most strategically important sites.
Ms. Baker further detailed the long-term economic impact, announcing that the total investment secured through EXIM projects financing is expected to exceed $2 billion in the coming years. This investment package also includes the provision of high-quality equipment and specialized services necessary to ensure the project meets international operational standards.
This major financing is critical to facilitating the construction and successful operation of the Reko Diq project. It is anticipated to serve as a key driver for economic growth and development, particularly in the region where the project is located.
