The United States has allocated 1.3 billion dollars for Pakistan’s Reko Diq mining project in Balochistan. The funding covers a major share of the project’s development cost. It marks a significant step for one of Pakistan’s largest mineral ventures. The financing was approved under the US Export-Import Bank’s critical minerals framework. This programme supports extraction […]
Exim Bank
ECC shifts SBP’s financing to Exim Bank and greenlights major financial moves
The Economic Coordination Committee (ECC) of the Cabinet decided to phase out the State Bank of Pakistan’s (SBP) long-term financing facility (LTFF) to Exim Bank. The decision was made during a meeting chaired by Finance Minister Muhammad Aurangzeb. The SBP’s LTFF portfolio of Rs330 billion will be gradually shifted to Exim Bank, with an allocation […]