The Export-Import Bank of the United States (EXIM Bank) has announced $1.25 billion in new financial assistance for Pakistan, marking a significant step forward in US-Pakistan economic cooperation.
The financing is directed toward the development of the Reko Diq mining project, one of the most promising mineral ventures in Balochistan.
US Chargé d’Affaires Natalie Baker shared details of the new commitment in a special message on X, calling it a “game-changer” for both US businesses and local Pakistani communities.
Balochistan to benefit from partnership
Baker emphasized that the enhanced partnership between the United States and Pakistan would directly contribute to economic development in Balochistan, supporting long-term growth in the region.
She noted that EXIM’s project financing for Pakistan is anticipated to reach $2 billion in the coming years, particularly in supplying high-quality American mining equipment and services needed to build and operate the Reko Diq mine.
Thousands of jobs to be created
The expanded financing is expected to generate widespread employment opportunities. Natalie Baker stated that the Reko Diq-related investment will create 6,000 jobs in the United States and 7,500 jobs in Balochistan, highlighting shared economic benefits for both nations.
The US mission described the initiative as an effort to support sustainable development, improve livelihoods, and strengthen bilateral economic ties.
In her message, Baker reaffirmed the United States’ commitment to fostering progress in Pakistan, stating that the latest financing demonstrates confidence in Pakistan’s economic potential and the strategic importance of US-Pakistan collaboration.
She encouraged stakeholders to view the new funding as an essential milestone toward boosting regional growth and empowering local communities through modern mining infrastructure.
