ISLAMABAD: Out of the total $6 billion funding committed by all international lenders for Reko Diq, the Asian Development Bank (ADB) has committed to provide financing of $410 million.
Visiting ADB President Masato Kanda met Prime Minister Shehbaz Sharif here on Thursday.
In his post on ‘X’, the ADB president stated, “In Islamabad, I met with Prime Minister Shehbaz Sharif and senior leaders, where we discussed how Pakistan can harness its vast critical mineral wealth for sustainable and inclusive growth.”
The ADB’s headquarters’ $410 million financing for Reko Diq will strengthen supply chains, attract private sector investment and position Pakistan as a key supplier in the global green transition. “Together we will unlock Pakistan’s potential and improve lives across the country,” he added.
-
State institutions ‘fail’ to perform constitutional duties: KP CM -
CTD orders psychological testing of police on VVIP security duty -
Navy busts drug consignment valued at $130m -
Three ex-secretaries in race for ETPB chief post -
Punjab govt forms 71 JITs to probe cases against banned TLP -
Some UNSC members ignoring broader reforms, seeking privilege: Pakistan -
PAC body discusses non-recovery of Rs15bn gas cess -
Pakistan received $2.29bn foreign loans in first 4 months of 2025