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	134,299.77 290.06M	0.39% 517.42
ALLSHR	84,018.16 764.12M	0.48% 402.35
KSE30	40,814.29 132.59M	0.33% 132.52
KMI30	192,589.16 116.24M	0.49% 948.28
KMIALLSHR	56,072.25 387.69M	0.32% 180.74
BKTi	36,971.75 19.46M	-0.05% -16.94
OGTi	28,240.28 6.19M	0.21% 58.78

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,140.00	119,450.00 115,635.00	4270.00 3.75%
BRENT CRUDE	70.63	70.71 68.55	1.99 2.90%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.10 1.14%
ROTTERDAM COAL MONTHLY	108.75	108.75 108.75	0.40 0.37%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.75	68.77 66.50	2.18 3.27%
SUGAR #11 WORLD	16.56	16.60 16.20	0.30 1.85%