A US envoy has confirmed that the Export-Import Bank of the United States (EXIM) is providing approximately $2 billion in financing for mining equipment for Pakistan’s Reko Diq project.
The announcement underscores growing economic cooperation between Pakistan and the United States, particularly in the minerals and energy sectors. Reko Diq is one of the world’s largest undeveloped copper and gold deposits.
According to the envoy, the financing aims to support responsible mining practices and advanced technology deployment. Officials say the investment will help modernize extraction processes and improve efficiency.
Pakistani authorities have welcomed the development, describing it as a major boost for foreign investment and job creation. The project is expected to generate employment and contribute significantly to Pakistan’s export earnings.
Analysts believe the financing reflects renewed international confidence in Pakistan’s economic reforms. Transparency and regulatory improvements have played a role in attracting large-scale investments.
The Reko Diq project is viewed as strategically important for Pakistan’s long-term economic growth and mineral sector development.
