Overview
- US Chargé d’Affaires Natalie A. Baker announced EXIM’s approval of $1.25 billion to support critical‑minerals mining at Reko Diq in Balochistan.
- Officials say the financing will facilitate up to $2 billion in US mining equipment and services for the mine’s construction and operations.
- The initiative is expected to generate about 6,000 jobs in the United States and roughly 7,500 positions in Balochistan, according to the embassy.
- Pakistan’s finance minister says the project has reached a $7 billion financial close backed by IFC and EXIM, describing it as a milestone for the economy.
- Security, political and infrastructure risks remain significant, with the Baloch National Movement publicly condemning the US loan and local leaders warning of instability around the site.