A financial closure of $6.4 billion for the Reko Diq project is anticipated next month, with key involvement from the US Exim Bank, UK Exim Bank, and the World Bank.

The arrangement also includes participation from the federal government, the Balochistan government, and the Asian Development Bank.

Sources report that final negotiations on loan terms are underway with international partners.

Following the financial closure, significant investments are expected to flow into Pakistan, with preparations for a project valued at approximately $3 billion currently in progress.

The federal government is set to cover $3.4 billion of the project’s costs, with $1.7 billion allocated to Balochistan.

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Once the financial closure is finalized, production is projected to begin within three years, and the first year of the project is expected to generate around $3 billion in revenue for both the federal and Balochistan governments.

The federal cabinet has approved the sale of a 15% stake in the Reko Diq mining project to Saudi Arabia under an intergovernmental agreement. The deal, valued at $540 million, will be carried out in two phases. In the first phase, Saudi Arabia will invest $330 million for a 10% share, followed by an additional $210 million for a 5% stake in the second phase.