The Economic Coordination Committee (ECC) of the Cabinet on Thursday approved key agreements and financial commitments for the Reko Diq copper-gold mining project, clearing the way for its formal launch.
The meeting, chaired by Finance Minister Muhammad Aurangzeb, endorsed the final terms of the definitive agreements presented by the Petroleum Division. The committee also directed that any material changes identified during the project’s execution be reviewed by project consultants and certified by the Reko Diq Mining Company before being referred back to the ECC for approval.
Additionally, the ECC cleared a summary from the Ministry of Railways for a $390 million rail development agreement and bridge financing to construct a 1,350 km railway track for transporting ore from Balochistan. The committee instructed the ministry to share the agreement documents with the Finance Division for appraisal and submit an implementation update by March 2026.
Aurangzeb highlighted the government’s commitment to the project, calling it a “transformative opportunity” for Balochistan and the broader economy. “The Reko Diq project will unlock one of the world’s largest undeveloped copper-gold deposits and drive job creation, infrastructure development, and long-term socio-economic growth,” he said.
The meeting was attended by Petroleum Minister Ali Pervaiz Malik, Food Security Minister Rana Tanveer Hussain, Board of Investment Minister Qaiser Ahmed Sheikh, and other senior officials from relevant ministries and regulators.
