EXIM Bank financing: U.S. pledges USD1.25b for Balochistan economy

WEB DESK: The United States has announced a USD1.25 billion financing package through the Export-Import (EXIM) Bank to support economic growth in Balochistan, the U.S. Embassy in Islamabad stated. Chargé d’Affaires Natalie Baker highlighted that this financing will stimulate local development, create jobs, and open opportunities for U.S. businesses operating in the region through Reko Diq.

Baker noted that over the coming years, this funding could increase to USD2 billion, further strengthening the U.S.-Pakistan partnership in Balochistan’s economic development.

The initiative is expected to benefit both local Pakistani communities and U.S. exporters, creating employment opportunities on both sides. Baker stated that approximately 6,000 jobs will be generated in the U.S. and 7,500 jobs in Balochistan, underscoring the project’s broad economic impact.

She added that the Trump administration had made such partnerships a central component of U.S. diplomacy and expressed anticipation for enhanced cooperation between American and Pakistani companies in the mineral sector.

The financing represents a significant step toward sustainable economic growth in Balochistan, reinforcing bilateral trade, investment, and job creation.