The Export-Import Bank of the United States (EXIM Bank) announced $1.25 billion in financing for Pakistan’s economy. The funding will support the Reko Diq mining project in Balochistan. US officials described it as a “game-changer” for businesses and local communities.
US Chargé d’Affaires Natalie Baker said the partnership will drive economic growth in Balochistan and strengthen US-Pakistan ties. She noted that EXIM financing for Pakistan is expected to reach $2 billion in coming years. The funds will mainly supply high-quality American mining equipment and services for the Reko Diq project.
Read more: Pakistan, US agree to intensify cooperation on security, immigration
The investment is expected to generate thousands of jobs in both countries. Baker stated it will create 6,000 jobs in the United States and 7,500 jobs in Balochistan. She highlighted the shared economic benefits and long-term impact on local livelihoods.
Officials said the initiative aims to support sustainable development, strengthen bilateral economic cooperation, and modernize Pakistan’s mining infrastructure. The project will improve local standards and empower communities in the region.
Read more: Pakistan, US push for stronger economic and tech links
Baker emphasized that the financing shows confidence in Pakistan’s economic potential. She encouraged stakeholders to see the project as a milestone for regional growth and development. The Reko Diq initiative marks a major step in US-Pakistan economic collaboration.