Chairing a meeting regarding Pakistan Railways upgradation and linking Reko Diq with Railways network, the prime minister directed to form an inter-ministerial committee to look after the financing matters for the up-gradation and development of Pakistan Railways. The committee will present recommendations with regard to the financing required for development of Pakistan Railways and its […]
The loan adds to a $300 million commitment announced in April, bringing IFC’s total financing for the project to $700 million. The estimated cost of the mine is $6.6 billion, to be funded through a mix of debt and equity from a consortium of lenders. “The estimated total Project cost is $6.6bn, and it will […]
Petroleum Division minister Ali Pervez Malik informed the house that the first phase of the project will begin in year 2028. ” A target of three lac ounce gold and two lac tons of copper has been fixed for the first phase”. The production of the second phase of the project will begin in 2034, […]
Sources said that international financial institutions such as the U.S. EXIM Bank, U.K. EXIM Bank, and the World Bank may be part of the financial closure process. The federal government, the Balochistan government, and the Asian Development Bank are also expected to participate in the financial arrangements. Negotiations are in the final stages to finalize […]
This he said while addressing a two-day Pakistan Minerals Investment Forum at the Jinnah Convention Center in Islamabad today. Barrick Gold’s CEO said the Reko Diq copper-gold project will economically benefit Pakistan and will also create thousands of jobs. Mark Bristow said the feasibility study of Reko Diq has been completed and this mine is […]
