WASHINGTON: The United States has approved a $1.3 billion loan for Pakistan’s flagship Reko Diq mining project, a development being described as a major boost for Pakistan’s minerals sector.
According to reports, the decision was made during a high-level meeting in Washington chaired by the US Secretary of State, where participants discussed ways to secure the supply and transportation of critical minerals. The meeting focused on developing new supply chain sources and promoting secure, reliable transport and logistics networks.
At the meeting, the US formally approved the loan for the Reko Diq project, which is considered a “game changer” for Pakistan’s economy. The financing will be provided by the US Export-Import Bank under former President Donald Trump’s “WALT Project” framework, aimed at supporting strategic international investments.
The Reko Diq project, located in Balochistan, is one of the world’s largest undeveloped copper and gold deposits. The new funding is expected to accelerate project development, strengthen Pakistan’s mining infrastructure, and enhance its role in global critical minerals supply chains.
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