Islamabad [Pakistan], December 10 (ANI): The United States on Wednesday announced a significant investment to boost mining activities in Pakistan’s Balochistan province, with the US Export-Import Bank (EXIM) approving USD 1.25 billion to support the development of the Reko Diq critical minerals project.
Sharing a video on X, Charge d’Affaires ad interim at the US Embassy in Islamabad, Natalie A. Baker, highlighted the project’s economic and diplomatic significance. “The US Export-Import Bank recently approved financing of USD 1.25 billion to support the mining of critical minerals at Reko Diq in Pakistan,” she said. The financing will enable up to USD 2 billion in high-quality US mining equipment and services, while creating an estimated 6,000 jobs in the US and 7,500 jobs in Balochistan.
Baker described Reko Diq as a model mining project, benefiting both US exporters and local Pakistani communities by generating employment and prosperity. She emphasized that the Trump administration has made forging such deals central to American diplomacy and expressed hope for further US-Pakistan agreements in critical minerals and mining sectors.
The US Embassy in Islamabad also noted that the financing commitment will drive economic growth in Balochistan. The project follows Washington’s broader economic outreach to Islamabad, including a trade initiative announced in July for developing Pakistan’s oil reserves. President Donald Trump had indicated that the oil partnership could potentially lead to exports to India, shortly after imposing tariffs on New Delhi.
The Reko Diq project marks a significant step in US-Pakistan economic cooperation, with both nations expecting long-term benefits in technology, employment, and industrial development.
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