The Economic Coordination Committee (ECC) on Thursday approved critical agreements and financial commitments to pave the way for the launch of the Reko Diq copper and gold mining project.
The meeting was chaired by Finance Minister Muhammad Aurangzeb at the Finance Division in Islamabad.
According to the Finance Division, the ECC approved the final terms of agreements submitted by the Petroleum Division, directing that any material changes in the final execution forms be resubmitted for approval.
The committee also cleared a summary from the Ministry of Railways regarding a rail development and bridge financing agreement with Reko Diq Mining Company. The agreement covers bridge financing of $390 million for a 1,350 km railway line to transport export material from Balochistan mines.
The ECC instructed the Railways and Finance ministries to share both agreements for appraisal and to provide an update on the project’s progress by March 2026.
Aurangzeb said the approvals demonstrate the government’s commitment to advancing the Reko Diq project, which he described as a transformative initiative with potential to spur jobs, infrastructure development, and socio-economic growth in Balochistan and beyond.
The meeting was attended by Federal Petroleum Minister Ali Pervaiz Malik, National Food Security Minister Rana Tanveer Hussain, Board of Investment Minister Qaiser Ahmed Sheikh, along with senior officials from relevant ministries and regulators.
$390 Million is serious amount of money, just bless US investment.