Government says Reko Diq financing approvals secured, stakeholders remain committed

Minister for Energy Ali Pervaiz Malik on Monday said the government remained committed to the successful completion of the Reko Diq project and that all major stakeholders continued to support the mining initiative.

Responding to a question during Question Hour, the minister said all necessary approvals for project financing had been obtained from lenders and sponsors.

He added that Barrick Gold Corporation had repeatedly reaffirmed its commitment to the project at different forums.

Ali Pervaiz Malik said the chairman of Barrick Gold recently visited Pakistan and held discussions to address minor outstanding matters related to the project.

He said Barrick Gold, the Government of Pakistan and the Government of Balochistan remained committed to moving the project forward.

The minister added that regular coordination among relevant teams was continuing while different work streams under the development plan were progressing.

Highlighting the governance structure, he said the Reko Diq Joint Venture Agreement included an oversight framework aimed at protecting the interests of state-owned enterprises and the Government of Balochistan.

According to the minister, the framework includes committee-level engagement and board interactions with the project operator, while agreed governance procedures and protocols were being followed.