WEB DESK: The Export-Import Bank of the United States (EXIM Bank) has unveiled a $1.25 billion financial package for Pakistan, highlighting a notable advancement in economic collaboration between the two nations.
This funding focuses on the Reko Diq mining project, recognized as one of Balochistan’s most promising mineral initiatives.
US Chargé d’Affaires Natalie Baker shared insights on this new commitment through a special message on X, describing it as a transformative opportunity for both US businesses and local communities in Pakistan.
Baker underscored that this strengthened partnership between the United States and Pakistan is poised to foster economic progress in Balochistan, paving the way for sustainable growth in the area.
She also revealed that EXIM’s financial support for Pakistan could climb to $2 billion in the coming years, specifically targeting the supply of advanced American mining equipment and services critical to developing and operating the Reko Diq mine.
Highlighting the United States’ dedication to driving development in Pakistan, Baker stated that this latest financial initiative reflects confidence in Pakistan’s economic prospects and underscores the strategic significance of US-Pakistan collaboration.
She urged stakeholders to view this funding as a pivotal achievement, one that aims to enhance regional prosperity while empowering local communities through access to state-of-the-art mining infrastructure.
