ISLAMABAD: The Reko Diq copper-gold project has secured $6 billion in funding from the United States, Japan, and top global financial institutions. The Asian Development Bank (ADB) and the World Bank have already approved $1.05 billion.
The Special Investment Facilitation Council (SIFC) brokered the deal. It marks Pakistan’s largest-ever foreign investment. Officials call it a milestone that will reshape mining and boost the wider economy.
ADB says the project will help fill the global copper supply gap. It will create thousands of jobs, drive social and regional development, and inject fresh momentum into Pakistan’s recovery.
Once operational, Reko Diq will fuel growth, attract new investment, strengthen foreign reserves, and expand Pakistan’s industrial base.
The project sits in Balochistan’s mineral-rich Chagai district. Experts see it as a game-changer for Pakistan’s economy.
Reko Diq is one of the world’s largest untapped copper-gold deposits. It lies near the borders of Iran and Afghanistan.
A joint venture of Canada’s Barrick Gold, the federal government, and the provincial government operates it. Production is expected to begin in 2028.
The project carries huge economic and strategic weight. It promises revenues, jobs, and investment. Backing from institutions like ADB shows growing global confidence.
