US EXIM Bank to invest $1.25b in Reko Diq project: Natalie Baker

US Chargé d’Affaires says initiative to open new avenue of job opportunities in both countries

US Chargé d’Affaires in Pakistan Natalie Baker announced that the US Export-Import (EXIM) Bank will invest $1.25 billion in the Reko Diq mining project in Balochistan, Pakistan, under a bilateral partnership.

In a video statement, released on X by the US Embassy in Islamabad, Baker explained that the EXIM Bank had recently approved this financial support for the mining and critical minerals sectors within the Reko Diq project.

The funds are aimed at strengthening collaboration between the two nations in mineral resources, with a focus on high-quality American mining equipment and services.

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

“We are committed to providing $2 billion worth of top-tier American mining equipment and services to support the construction and management of the Reko Diq mine over the coming years,” Baker said. She said the project will generate approximately 6,000 jobs in the US and 7,500 in Balochistan, greatly benefiting both economies.

“This project will serve as a model for mining, creating employment opportunities for US exporters, as well as local communities and partners in Pakistan, benefiting both countries,” she added.

Baker highlighted that the Trump administration had made similar agreements a central part of US diplomacy, and expressed commitment to further agreements between US companies and Pakistan in the mining sector.

The Reko Diq project is considered a key initiative in strengthening Pakistan-US economic ties, particularly in the mining and minerals sectors.

US Chargé d’Affaires Natalie Baker called on the Deputy Prime Minister/Foreign Minister of Pakistan, Senator Mohammad Ishaq Dar @MIshaqDar50, today.

The DPM/FM highlighted the importance of close Pak–US relations and discussed bilateral matters of mutual interest. They also… pic.twitter.com/vlRvuAw1yh

— Ministry of Foreign Affairs - Pakistan (@ForeignOfficePk) December 10, 2025

Meanwhile, Baker also met Deputy Prime Minister Ishaq Dar on Wednesday. The meeting focused on strengthening the bilateral relationship between Pakistan and the United States, with discussions covering a wide range of mutual interests.

According to a press release from the Foreign Office, Dar highlighted the importance of close Pakistan-US relations, emphasising the need for continued cooperation on various fronts.

The two leaders also exchanged views on key regional and international developments, with an emphasis on fostering stability and collaboration in areas of shared concern.

The meeting reflects the ongoing dialogue between Pakistan and the US, with both sides committed to enhancing diplomatic ties and addressing global challenges together.