ISLAMABAD: The Export-Import Bank of the United States has approved $1.25 billion in financing to support mining and critical minerals development at Reko Diq, US Chargé d’Affaires Natalie Baker announced on Wednesday.
In a video message, Ms. Baker said the financing package is expected to generate $2 billion worth of high-quality US mining equipment and services for the construction and operation of the Reko Diq mines in the coming years.
The landmark project will create an estimated 6,000 jobs in the United States and 7,500 jobs in Balochistan, she added. Ms. Baker highlighted that Reko Diq stands as a model for cross-border mining partnerships—boosting US exports while bringing employment, economic uplift, and long-term prosperity to local communities in Pakistan.
She noted that such initiatives remain central to American economic diplomacy and anticipated further agreements between US and Pakistani companies in the critical minerals and mining sector.
Story by Amin Ahmed
