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| US Approves $1.25 Billion for Pakistan’s Mining Sector / Photo File (FB/Brotherhood) |
The United States Export-Import (EXIM) Bank has approved a $1.25 billion investment package to support large-scale mineral mining projects in Pakistan, marking one of the most significant American financial commitments to the country in recent years.
According to US Chargé d’Affaires Natelee Baker, the financing could expand to $2 billion in the coming years, reinforcing long-term economic cooperation between Washington and Islamabad. She said the initiative is expected to particularly boost economic activity in Balochistan, where several major mining projects are already under development.
Baker emphasized that the partnership will not only benefit American exporters but also provide Pakistani partners and local communities with access to advanced technology, foreign investment, and new economic opportunities. She noted that the collaboration aligns with shared goals of strengthening economic resilience and regional development.
The investment is projected to create over 6,000 jobs in the United States and approximately 7,500 jobs in Balochistan, a development expected to deepen bilateral economic ties.
Baker added that such economic engagements were made a core part of US diplomacy during the Trump administration, and the latest financing move represents a continuation of that policy direction.
https://x.com/usembislamabad/status/1998654886850773219?s=20
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