Aurangzeb, IFC agree to fast-track financial closure of Reko Diq

October 14, 2025 (MLN): Pakistan and the International Finance Corporation (IFC) have agreed to expedite the financial closure of the flagship Reko Diq copper and gold project.

This is a key component of Pakistan’s efforts to attract foreign investment and strengthen its mineral sector.

The understanding was reached during a meeting between Finance Minister Senator Muhammad Aurangzeb and Mr Riccardo Puliti, Regional Vice President of IFC for the Middle East, Central Asia, Türkiye, Afghanistan & Pakistan, held in Washington D.C. on the sidelines of the IMF-World Bank Annual Meetings.

During the meeting, the Finance Minister lauded IFC’s long-standing partnership with Pakistan and its role in mobilising multi-billion-dollar investments under the 10-year Country Partnership Framework (CPF), which aims to deepen private sector participation across critical sectors of the economy.

He also welcomed IFC’s decision to strengthen its regional footprint through the establishment of a regional office in Islamabad, which he said would further enhance cooperation and facilitate projects in Pakistan.

Aurangzeb highlighted Pakistan’s improving macroeconomic fundamentals and reaffirmed the government’s commitment to advancing private sector–led growth.

Both sides expressed optimism that the early financial closure of the Reko Diq project would mark a major milestone in Pakistan’s resource development agenda and signal renewed investor confidence.

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