Islamabad, June 15, 2025: In a major boost to Pakistan’s mining and economic revival efforts, the International Finance Corporation (IFC) has announced an additional $400 million investment in the Reko Diq copper and gold project in Balochistan. This latest commitment raises IFC’s total investment in the project to $700 million.
The Reko Diq project, one of the world’s largest undeveloped copper and gold deposits, is estimated to cost $6.6 billion and is expected to generate up to $74 billion in revenue over the next 37 years. The project is being financed through a blend of equity and debt, with participation from several global financial institutions.
Major international players, including the US EXIM Bank, Asian Development Bank (ADB), and financial institutions from Canada and Japan, are also expected to join the consortium backing the project.
Speaking on the development, IFC Managing Director Makhtar Diop said the corporation is ramping up investments in Pakistan’s infrastructure, energy, and natural resources sectors. “We plan to double our investments in Pakistan’s energy and natural resources sector,” Diop remarked.
He highlighted that Reko Diq, the largest mining initiative in Pakistan’s history, is set to begin production by 2028, and will play a pivotal role in the socio-economic uplift of Balochistan, creating employment opportunities and driving regional development.
Diop also underscored the project’s potential to attract significant foreign direct investment (FDI) and elevate Pakistan’s position on the global mineral map.
The Reko Diq project is widely regarded as a cornerstone of Pakistan’s future mineral development strategy, offering vast untapped potential for sustainable economic growth and long-term international investment.
