Reko Diq’s $7bn Financial Close Marks Major Boost in Pakistan–US Economic Ties: Aurangzeb

Pakistan has officially reached the $7 billion financial close of the Reko Diq copper-gold project, a milestone that Finance Minister Muhammad Aurangzeb says will significantly strengthen economic relations between Pakistan and the United States.

Speaking on the development, the minister emphasized that Reko Diq is one of the largest foreign investment projects in Pakistan’s history and represents a renewed level of international confidence in the country’s economic direction. He stated that the completion of financial close reflects strong collaboration between the government, international partners, and Barrick Gold Corporation, which leads the project.

Aurangzeb added that the investment is expected to generate major economic activity in Balochistan, create thousands of jobs, and position Pakistan as an important player in the global minerals and mining sector. The project is also expected to support long-term economic stability through export revenues and the development of local mining infrastructure.

The minister highlighted that the successful progress of Reko Diq sends a strong message to global investors about Pakistan’s commitment to ensuring transparent frameworks and a predictable environment for foreign investment. He said this achievement will not only deepen Pakistan–US economic cooperation but also open the door for more international investment opportunities in the future.