Pakistan has finalised a $3.5 billion financing agreement with six major international financial institutions for the development of the historic Reko Diq mining project in Balochistan — a milestone  of the country’s most significant mineral ventures. According to official sources, the financing package includes commitments from leading global lenders such as the US EXIM Bank, Asian Development Bank, International Financial Institutions, International Development Association, and the European Bank.      The agreement was signed by the project sponsors, the federal government and Barrick Gold Corporation, while final approval from the lenders’ boards remains pending. With an estimated total cost of around $7.7 billion, the Reko Diq project is expected to commence production by the end of 2028.According to official estimates, the project could generate approximately $53 billion in total revenue over its lifetime. Balochistan is projected to receive $11 billion in fiscal revenue, $6 billion as its provincial share, and $9 billion through equity held by Balochistan Mineral Resources Limited. (ICE ISLAMABAD)

Fonte notizia: the express tribune