The signing of the $ 6.4 billion agreement on the DIQ Reko DIQ extraction project is expected next month, because the final provisions for loans from international partners are completed.
The financial structure involves international lenders, including the US Bank Exim, the British Bank Exim, the World Bank, the Asian Development Bank and the contributions of the Federal and Balutchistan governments.
After the financial closure, investment entries in Pakistan should accelerate, with approximately $ 3 billion planned by global financial partners.
Of the total of $ 6.4 billion, the federal government will carry $ 3.4 billion, of which $ 1.7 billion will be allocated to Balutchistan under the oil division.
Production should start about three years after financial closure. During the first year of production, revenues combined for federal governments and Balutchs are expected to reach $ 3 billion.
The Reko Diq project is considered one of the largest unlikely copper gold deposits in the world and is considered a major step to attract foreign direct investments in the Pakistan mining sector.
