- Acting US envoy Natalie A. Baker says bank will bring $2b in high-quality mining equipment and services for what she calls a ‘model for bilateral commercial partnership’
- US-Pakistan collaboration set to expand in critical minerals and mining sector in line with Trump administration’s focus on diplomacy through trade
ISLAMABAD: US Export-Import (Exim) Bank financing will bring up to $2 billion in high-quality US mining equipment and services to support the development and operation of Pakistan’s Reko Diq mine, US Charge d’Affaires Natalie A. Baker said on Monday, highlighting the project’s potential to create thousands of jobs in both countries.
“I’m pleased to highlight that the US Export-Import Bank recently approved financing of $1.25 billion to support the mining of critical minerals at Reko Diq in Pakistan,” Baker said in a video statement on X. She added that the approved financing will facilitate equipment and services for the project in the coming years, generating an estimated 6,000 jobs in the United States and 7,500 jobs in Balochistan.
With a new commitment of $1.25 billion in EXIM Bank financing, the U.S.-Pakistan partnership will drive economic growth in Balochistan. Watch Chargé d’Affaires Natalie Baker’s message to hear how this financing will be a game-changer for U.S. businesses and local Pakistani… pic.twitter.com/8EklYNLQpX
— U.S. Embassy Islamabad (@usembislamabad) December 10, 2025
Baker described the Reko Diq mine as a model project benefiting both US exporters and local Pakistani communities and partners. She noted that the initiative aligns with the Trump administration’s emphasis on commercial partnerships, stating, “The Trump administration has made the forging of deals exactly like this one central to American diplomacy.”
The US diplomat said Washington looks forward to further agreements between American and Pakistani companies in the critical minerals and mining sector, aiming to bring employment and prosperity to both nations.
Her remarks follow weeks after the US Exim announced plans to invest in Pakistan’s critical mineral projects as part of a broader strategy to increase energy output. On November 23, Exim Chair John Jovanovic told the Financial Times that the organisation’s deals included the $1.25 billion loan for the Reko Diq mine.
The announcement is part of a $100 billion US plan to secure supply chains for critical minerals, nuclear energy, and liquefied natural gas for the US and allied countries.
US Charge d’Affaires calls on DPM/FM Dar
In a related development, US Charge d’Affaires Natalie Baker Wednesday called on Deputy Prime Minister/Foreign Minister Senator Mohammad Ishaq Dar.
During the meeting, the DPM/FM highlighted the importance of close Pak-US relations and discussed bilateral matters of mutual interest, the Foreign Office Spokesperson said in a press release.
They also discussed key regional and international developments.
