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Pakistan and the International Finance Corporation (IFC) agreed on October 14, 2025, to accelerate efforts to achieve an early financial close for the Reko Diq copper-gold mining project in Balochistan.
Finance Minister Muhammad Aurangzeb held discussions with IFC officials, during which both sides agreed to take measures to expedite the financial closure. Located in the Chagai district of Balochistan, Reko Diq is recognised as one of the world’s largest undeveloped copper-gold deposits. The project carries an estimated total cost of approximately $6.6 billion. A financing package worth around $3.5 billion from international lenders, including the IFC, forms a major part of the funding arrangements. The mine is expected to produce approximately 700,000 tonnes of copper and gold concentrate annually.
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