Pakistan has successfully secured $3.5 billion in international financing for the Reko Diq copper and gold mining project in Balochistan, sources said on Tuesday.
This milestone achievement has been made possible through the efforts of the Special Investment Facilitation Council (SIFC) — a civil-military coordination body established to streamline and accelerate foreign investments in strategic sectors.
The financing agreement involves a consortium of 11 lenders, including six major donor agencies such as the U.S. Export–Import Bank (EXIM), the Asian Development Bank (ADB), International Financial Institutions (IFIs), the International Development Association (IDA) of the World Bank, and a European bank.
Sources revealed that the deal marks a historic breakthrough for Pakistan’s economy and reflects growing international confidence in the country’s investment.
Loan repayment is scheduled over a period of 12 years with a grace period of 4 to 5 years from the donor agencies.
