US announces $1.25 billion financing for Pakistan to boost Reko Diq mining

US Chargé d’Affaires Natalie Baker describes the announcement as a “game-changer” for both American businesses and local communities in Pakistan

10 December 2025
US announces $1.25 billion financing for Pakistan to boost Reko Diq mining

In a major boost to economic cooperation, the Export-Import Bank of the United States (EXIM Bank) has announced $1.25 billion in new financial assistance for Pakistan.

The funding is aimed at developing the Reko Diq mining project, one of Balochistan’s most promising mineral ventures.

US Chargé d’Affaires Natalie Baker described the announcement as a “game-changer” for both American businesses and local communities in Pakistan. She highlighted that this investment is part of a broader effort to strengthen bilateral economic ties and foster sustainable growth in the region.

Baker emphasized that the partnership would directly benefit Balochistan, contributing to long-term economic development. She revealed that EXIM’s project financing for Pakistan could reach $2 billion in the coming years, mainly to supply high-quality American mining equipment and services essential for operating the Reko Diq mine.

The new funding is expected to create thousands of jobs. Baker shared that the Reko Diq project will generate 6,000 jobs in the United States and 7,500 jobs in Balochistan, demonstrating the shared economic benefits of the collaboration.

The US mission stated that the initiative is designed to improve local livelihoods, support sustainable development, and strengthen regional growth. Baker reaffirmed the United States’ commitment to Pakistan’s economic potential, urging stakeholders to view this milestone as a step toward empowering local communities through modern mining infrastructure.