Islamabad: A significant breakthrough has been made in Pakistan’s economic development, under which the US, Japan and other international financial institutions, with the support of SIFC, have approved a huge fund of $6 billion for the Reko Diq project.
Out of the total funding of $6 billion, $1.05 billion has been approved by the ADB and the World Bank.
The ADB says that the Reko Diq project will help meet the global shortage of copper. This project will also promote employment opportunities and regional and social development in Pakistan.
Experts say that the Reko Diq mineral reserves will prove to be the largest foreign investment milestone for Pakistan’s economy.
With the support of SIFC, the Reko Diq project will play a key role in Pakistan’s economic development.
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