Web Desk: U.S. Chargé d’Affaires Natalie A. Baker announced that the U.S. Export-Import (EXIM) Bank will invest $1.25 billion in the Reko Diq mining project in Balochistan. The investment is expected to create thousands of jobs in both the United States and Pakistan.
Support for Mining and Critical Minerals Sector
In a video statement posted on social media, Baker said the EXIM Bank will fund mining operations and develop key mineral resources in Pakistan. Over the coming years, the project will deploy $2 billion worth of high-quality U.S. mining equipment and related services to construct and manage the Reko Diq mine.
Job Creation Across Borders
Baker noted that the project will provide approximately 7,500 jobs in Balochistan and nearly 6,000 positions in the United States. “The Reko Diq initiative will serve as a model in the mining sector, benefiting U.S. exporters and local Pakistani communities alike,” he said, emphasizing the project’s role in fostering economic growth in both countries.
Commitment to Long-Term Bilateral Cooperation
The U.S. diplomat highlighted that previous U.S. administrations, including the Trump administration, had prioritized such agreements as a key component of American diplomacy. Baker stressed that the United States remains committed to expanding its partnership with Pakistan in the minerals sector in the future.
Economic and Strategic Implications
Analysts say the Reko Diq project could become a benchmark for U.S.-Pakistan economic cooperation, attracting further foreign investment and boosting local development in Balochistan. The project will strengthen trade ties, enhance technological transfers, and increase Pakistan’s capacity in mineral extraction and management.
