ISLAMABAD – The United States has made a new commitment of $1.25 billion in EXIM Bank financing for Reko Diq mine in Balochistan province of Pakistan.
The announcement was made by US Chargé d’Affaires Natalie A. Baker in a post shared by the US Embassy in Islamabad on X, formerly twitter.
“With a new commitment of $1.25 billion in EXIM Bank financing, the U.S.-Pakistan partnership will drive economic growth in Balochistan. Watch Chargé d’Affaires Natalie Baker’s message to hear how this financing will be a game-changer for U.S. businesses and local Pakistani communities,” read the post.
Earlier this year, US Embassy Islamabad Acting Deputy Chief of Mission Zach Harkenrider accompanied a delegation led by US Strategic Metals (USSM) to sign a Memorandum of Understanding (MOU) with Pakistan’s Frontier Works Organization (FWO) at Prime Minister House in Islamabad.
Speaking about the MOU signing, Chargé d’Affaires (CDA) Natalie Baker said, “This signing is yet another example of the strength of the U.S.-Pakistan bilateral relationship that will benefit both countries.”
USSM, based in the U.S. state of Missouri, is focused on producing and recycling critical minerals, which the U.S. Department of Energy has defined as essential in a variety of technologies related to advanced manufacturing and energy production.
Speaking about the importance of such bilateral agreements, CDA Baker added, “The Trump administration has made the forging of such deals a key priority given the importance of critical mineral resources to American security and prosperity. We look forward to seeing future agreements between U.S. companies and their counterparts in the critical minerals and mining sector in Pakistan.”
