The Reko Diq project has entered a new era of partnership following crucial interventions by the Special Investment Facilitation Council (SIFC), which helped remove major investment and financing hurdles.

According to official updates, Oil and Gas Development Company Limited (OGDCL), Pakistan Petroleum Limited (PPL), and Government Holdings Private Limited (GHPL) will provide financing guarantees through a joint corporate arrangement.

OGDCL has already approved $715 million in funding for the project’s first phase.

Additionally, the Reko Diq Mining Company will extend a $350 million loan to construct a new railway line.

Under the ML-3 project, the mine will be connected to Port Qasim via rail within three years, enhancing logistics and export capacity.

Reko Diq, considered one of the largest mining projects in Pakistan’s history, is projected to generate $90 billion in revenue over its lifespan.

Beyond financial returns, it is expected to create thousands of jobs and open new business opportunities in Balochistan, marking a significant step in the province’s economic development.