Islamabad: A significant breakthrough has emerged in the Reko Diq project as the US EXIM Bank has officially approved financing worth $1.25 billion.
This decision is being viewed as a vital step toward accelerating the project, boosting foreign investment, and energizing economic activity across Balochistan.
According to Natalie Baker, the approved financing will play a central role in expanding mineral and critical mining operations in Reko Diq.
Under this program, Pakistan will import $2 billion worth of state-of-the-art mining equipment, enabling the project to operate efficiently and develop according to international standards.
She added that the financial support is expected to create around 13,000 jobs collectively in Pakistan and the United States,7,500 positions in Balochistan and about 6,000 new jobs in the US industrial sector.
Natalie Baker expressed optimism that this assistance will pave the way for more joint ventures between American and Pakistani companies in the minerals and mining sector, taking bilateral economic cooperation to new heights.
She further stated that this new financial package under the US-Pakistan partnership will open fresh avenues for economic growth, employment, and advanced technology in Balochistan.
Balochistan, Pakistan. The project has gained international attention due to its massive mineral potential and its strategic importance for Pakistan’s economic growth.
Rich in high-quality copper and gold reserves, Reko Diq has the capacity to attract large-scale foreign investment and significantly boost the country’s mining sector.
The project is being developed through partnerships between the Government of Pakistan, the Government of Balochistan, and international companies.
Recent developments, such as major financing approvals, introduction of advanced mining technology, and increased foreign interest suggest that Reko Diq could become a major contributor to job creation, regional development, and Pakistan’s overall economic stability.
The project is also expected to create new opportunities for local communities, enhance infrastructure, and strengthen Pakistan’s position in the global minerals market.
