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Pakistan approved a $7.72 billion plan for the Reko Diq mine, with a 1,350 km rail link, aiming for 2028 start and $53 billion in revenue.
Pakistan’s Economic Coordination Committee has approved a $7.72 billion package for the first phase of the Reko Diq copper-gold mining project, including $390 million in bridge financing for a 1,350 km railway to transport ore to Karachi.
The project, expected to begin production by late 2028, could generate $53 billion in revenue for Pakistan, create thousands of jobs, and boost infrastructure and economic growth in Balochistan.
The mine’s projected 37-year lifespan is expected to yield $70 billion in net cash flow, nearly 10 times the country’s current foreign exchange reserves.
Prime Minister Shehbaz Sharif has directed the project’s integration with Pakistan Railways by 2028.
Pakistán aprobó un plan de $7.72 mil millones para la mina Reko Diq, con un enlace ferroviario de 1,350 km, con el objetivo de comenzar en 2028 y $53 mil millones en ingresos.