Japan has expressed interest in investing in the multibillion-dollar Reko Diq copper and gold mining project, potentially expanding its presence in Pakistan beyond the automotive sector.
The Economic Coordination Committee (ECC) was informed that Japan aims to join local and international investors, with the Finance Division assuring that the investment will not cause capital flight through dollar remittances. Saudi Arabia had earlier indicated plans to invest, including acquiring a 15% stake.
Officials told the ECC that the framework includes sovereign guarantees from the Pakistani government and additional support from the Asian Development Bank (ADB) for Balochistan Mineral Resource Limited (BMRL) equity. The project’s total equity of $900 million will be shared between sponsors and partners, while $3.5 billion in financing is being arranged. State-owned enterprises are committed to repatriating $2.1 billion over seven years, with health, safety, and community welfare as key priorities. The ECC highlighted Reko Diq’s strategic importance for Balochistan and Pakistan’s economy.
AS Reko Diq is a great project, Pakistan Secures $700M World Bank Loan for it
