$1.25 Billion US Financing Secured for Reko Diq Mining Project

Pakistan has secured a $1.25 billion financing package from the United States Export-Import Bank (EXIM Bank) to support the procurement of American mining equipment for the Reko Diq critical minerals project in Balochistan.Officials said the financing will help advance large-scale mining operations at one of the world’s most significant copper and gold reserves, strengthening Pakistan’s minerals sector and export potential.The support from the US EXIM Bank reflects growing international confidence in the Reko Diq project and Pakistan’s long-term mining strategy. Authorities noted that the project is expected to generate employment, boost foreign investment, and contribute substantially to national revenue.The financing marks a major milestone in the development of Reko Diq, positioning it as a key driver of economic growth and strategic mineral development in Pakistan.