The Export-Import Bank of the United States (EXIM Bank) has unveiled $1.25 billion in new financial support for Pakistan, marking a major advance in US-Pakistan economic collaboration.
The funding is earmarks for the development of the Reko Diq mining project, one of Balochistan’s most promising mineral ventures.
US Chargé d’Affaires Natalie Baker described the commitment in a special message on X, calling it a “game-changer” for both American businesses and local Pakistani communities.
Balochistan to Gain from Partnership
Baker highlighted that the strengthened partnership between the United States and Pakistan will directly contribute to economic growth in Balochistan, fostering long-term development in the region. She noted that EXIM’s project financing for Pakistan could reach $2 billion in the coming years, particularly for supplying high-quality American mining equipment and services needed to construct and operate the Reko Diq mine.
Thousands of Jobs to Be Created
The expanded financing is expected to generate significant employment opportunities. According to Baker, the Reko Diq investment will create around 6,000 jobs in the United States and 7,500 jobs in Balochistan, underlining the mutual economic benefits for both countries.
The US mission described the initiative as a step toward sustainable development, improved livelihoods, and stronger bilateral economic ties. Baker reaffirmed the United States’ commitment to supporting Pakistan’s progress, emphasizing that the new financing reflects confidence in the country’s economic potential and the strategic value of US-Pakistan cooperation. She urged stakeholders to view this funding as a key milestone in promoting regional growth and empowering local communities through modern mining infrastructure.
