FinMin praises IFC’s role in raising $2.5bn for Reko Diq project

MG News | April 22, 2025 at 10:09 AM GMT+05:00

0:00

April 22, 2025 (MLN): The role of the International Finance Corporation (IFC) in raising $2.5 billion in debt financing for the Reko Diq Copper & Gold Mine Project in Balochistan was highly appreciated by the Minister for Finance Muhammad Aurangzeb.

He expressed this during a meeting with Ms. Hela Cheikhrouhou, Regional Vice President of the International Finance Corporation, and her team.

During the meeting, both sides explored cooperation in the areas of private sector reforms, energy transition, sound municipal finance, and full employment, as per the press release.

The progress on Diversified Payment Rights (DPR) was also reviewed, with an emphasis placed on ensuring that benefits from the project should accrue to the local community.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	184,409.67 393.48M	-0.61% -1133.34
ALLSHR	110,382.58 1,026.61M	-0.45% -501.36
KSE30	56,593.88 158.22M	-0.71% -404.12
KMI30	259,208.41 213.19M	-0.87% -2263.77
KMIALLSHR	70,710.78 493.25M	-0.60% -427.51
BKTi	53,774.72 51.55M	-0.55% -299.43
OGTi	36,045.04 14.71M	-0.59% -214.34

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	91,280.00	92,275.00 89,825.00	175.00 0.19%
BRENT CRUDE	63.59	63.92 61.83	1.60 2.58%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	0.05 0.06%
ROTTERDAM COAL MONTHLY	97.00	98.65 96.00	-1.20 -1.22%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	59.40	59.77 57.61	1.64 2.84%
SUGAR #11 WORLD	14.91	14.99 14.78	-0.06 -0.40%