Islamabad (TDI): The US Export-Import Bank (EXIM) has revealed plans to invest in Pakistan’s critical mineral sector, supporting the country’s efforts to boost its energy production.
EXIM Chair John Jovanovic told the Financial Times that the initiative is part of a broader $100 billion strategy aimed at securing supply chains for critical minerals, nuclear energy, and liquefied natural gas across the US and allied nations.
“The success of many of our energy and industrial projects depends on having stable, reliable access to these essential raw materials,” Jovanovic said, noting that the West has become overly dependent on sources it considers unreliable.
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The bank’s initial investments will include projects in Pakistan, Egypt, and Europe. In Pakistan, EXIM plans to provide a $1.25 billion loan for the Reko Diq mine, being developed by Barrick Mining. In Egypt, a $4 billion credit insurance guarantee will cover natural gas deliveries by New York-based Hartree Partners.
Of the $135 billion allocated to EXIM by Congress, $100 billion remains available for deployment, Jovanovic added.
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The investment aligns with US President Donald Trump’s energy-focused agenda, which emphasizes increased domestic production and reducing regulatory constraints to strengthen US energy dominance.
