Reko Diq Project Secures $6 Billion Global Investment to Boost Pakistan’s Economy

The Reko Diq copper-gold mining project has achieved a major breakthrough by securing $6 billion in international financing from the United States, Japan, and leading financial institutions, with the Asian Development Bank (ADB) and World Bank already approving $1.05 billion.

This milestone agreement, facilitated through the Special Investment Facilitation Council (SIFC), is being described as Pakistan’s largest-ever foreign investment, carrying the potential to reshape not only the mining industry but also the overall economy.

According to ADB, the project will “help address the global copper supply gap, create thousands of jobs, accelerate regional and social development, and inject vital momentum into Pakistan’s economic recovery.”

Officials emphasized that once operational, Reko Diq will act as a strategic growth driver by spurring further investment inflows, strengthening foreign exchange reserves, and expanding Pakistan’s industrial base.

Situated in Balochistan’s mineral-rich Chagai district, Reko Diq is regarded as a game-changer for the country’s economic future. Operated as a joint venture between Canada’s Barrick Gold Corporation and the federal and provincial governments, the project is expected to start production in 2028, generating significant revenues, employment, and long-term development opportunities.