ISLAMABAD: The Export–Import Bank of the United States (EXIM Bank) has approved $1.25 billion in financing for large-scale mining projects in Pakistan.
In an official statement, US Chargé d’Affaires Natalie Baker confirmed that the approved financing will facilitate the purchase of advanced American mining equipment and specialized services required for the construction and long-term operation of the Reko Diq copper-gold project in Balochistan.
She further noted that EXIM Bank’s project-based financial support is expected to increase to nearly $2 billion in the coming years as work on Reko Diq progresses.
Baker emphasized that this investment will not only reinforce the strategic economic partnership between the United States and Pakistan but will also significantly stimulate commercial activity in Balochistan.
According to her, the initiative is projected to generate approximately 6,000 jobs in the United States and around 7,500 new employment opportunities in Balochistan, creating a powerful boost for local communities and contributing to wider economic growth.
She added that this collaboration will provide substantial benefits for American exporters while enabling Pakistani partners to access modern technology, fresh investment, and expanded economic prospects. The resulting job creation and resource development, Baker said, will strengthen long-term cooperation between the two nations.
Baker also highlighted that the move reflects the continuation of policies introduced during the Trump administration, which positioned economic partnerships as a fundamental pillar of US diplomatic engagement.
She noted that the latest progress with Pakistan aligns directly with that strategic approach.
