US Exim Bank to fund Pakistan's Reko Diq mine with $1.25B

• The US Exim Bank committed $1.25 billion in financing for Pakistan's Reko Diq mining project in Balochistan, targeting critical minerals like copper and gold.
• The Reko Diq project, potentially one of the world's largest undeveloped copper and gold deposits, is expected to generate significant export potential.
• The US financing aims to bring up to $2 billion in US mining equipment and services, creating an estimated 6,000 US jobs and 7,500 jobs in Balochistan.
• The $7 billion project is owned by Barrick Gold (50%) and Pakistani federal/provincial governments (25% each).
• Despite Balochistan's rich resources, security concerns from a self-determination movement have historically impacted project development in the region.

Why It Matters: US investment in Pakistan's critical minerals affects global supply and regional stability.