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flag World Bank and IFC approve $700M loan for Pakistan's Reko Diq mining project, aiming to boost the country's resources.

flag The World Bank and IFC have approved a $700 million loan for Pakistan's Reko Diq mining project in Balochistan, expected to attract $2.5 billion in private sector investment. flag The project, jointly owned by Barrick Gold and the Pakistani government, aims to boost Pakistan's resource sector. flag Phase one, set to start production in 2028, is seeing negotiations for further financing with multiple lenders. flag The World Bank plans to invest $2 billion annually in Pakistan's infrastructure over the next decade.

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