The Export-Import Bank of the United States (EXIM Bank) announced $1.25 billion in financing for Pakistan’s economy. The funding will support the Reko Diq mining project in Balochistan. US officials described it as a “game-changer” for businesses and local communities. US Chargé d’Affaires Natalie Baker said the partnership will drive economic growth in Balochistan and […]
Reko Diq mining project
Pakistan’s Reko Diq project gets $5B boost
Pakistan’s Reko Diq Project Gets $5B Boost has secured over $5 billion in financing for the Reko Diq mining project in Balochistan. This exceeds the original funding target of $3 billion. Major donors include the Asian Development Bank, Islamic Development Bank, International Finance Corporation, and the US Exim Bank. Development agencies from Germany and Denmark […]
Pakistan’s Reko Diq mine expected to generate over $75 billion in 37 years
The Reko Diq mining project, set to become Pakistan’s largest Western investment, is projected to generate over $75 billion in cash flows during its 37-year lifespan, according to Petroleum Minister Ali Pervaiz Malik. In a recent National Assembly session, Malik outlined key details of the project’s fiscal terms, production phases, and community benefits. Phase one, […]