Islamabad (Dunya News) – The International Finance Corporation (IFC) has announced an additional $400 million investment in Pakistan’s Reko Diq project, aiming to inject new life into the national economy.
With this latest contribution, IFC’s total investment in the Reko Diq venture has reached $700 million.
The total cost of the project stands at $6.6 billion, and the financial consortium will support it through a mix of equity and loans. The Reko Diq project is expected to generate up to $74 billion in revenue over the next 37 years.
Major global financial institutions, including US EXIM Bank, the Asian Development Bank, and financial entities from Canada and Japan, are also expected to join the project.
IFC’s Chief, Makhtar Diop, stated that the organization is increasing its focus on infrastructure, energy, and natural resources in Pakistan. He further shared plans to double IFC’s investments in Pakistan’s energy and resource sectors.
He highlighted that Reko Diq — the country’s largest copper and gold mining initiative — is expected to begin production by 2028, bringing major development and employment opportunities to Balochistan.
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Makhtar Diop also emphasized that the Reko Diq project will encourage greater foreign investment in Pakistan and play a pivotal role in placing the country prominently on the global mineral map.
