Japan Bank joins Reqo Diq lender group

August 29, 2025 (MLN): Japan Bank for International Cooperation (JBIC) has formally joined the lender group for the landmark Reqo Diq project, a development hailed as a pivotal step for responsible and sustainable mining in Pakistan.

A delegation from JBIC, led by Director General of Mining and Metals Finance Mr. Taro Kato, met with Federal Minister for Petroleum Ali Pervaiz Malik, where the discussion centered on enhanced cooperation in Pakistan’s mining and energy sectors.

Minister Malik expressed gratitude for Japan’s confidence in Pakistan’s economic potential, assuring the delegation of “unconditional support for the project across all levels of government.”

He emphasized the government’s commitment to harmonizing the mining framework and facilitating international investment, positioning Pakistan as a premier destination for global capital and expertise.

Mr. Kato acknowledged the improved investment climate in Pakistan, noting growing interest from Japanese investors in mining as well as the broader energy sector.

Echoing these sentiments, Mr. Kenichiro Kitamura, JBIC’s Chief Representative for the Middle East, highlighted the value of such high-level engagements in building investor confidence and fostering long-term partnerships.

Both sides reaffirmed their commitment to deepening collaboration, aiming to harness Japanese financial and technological expertise to responsibly unlock Pakistan’s natural resource potential.

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