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US Export-Import Bank Allocates $1.3 Billion for Pakistan's Reko Diq Mining Project

US Export-Import Bank Allocates $1.3 Billion for Pakistan's Reko Diq Mining Project

The United States has allocated $1.3 billion to support the development of Pakistan's Reko Diq mining project in Balochistan. This funding is part of the US Export-Import Bank's critical minerals framework, which aims to enhance global supply chain security by supporting the extraction and processing of vital minerals. The Reko Diq project, one of the world's largest undeveloped copper and gold deposits, is being developed in partnership with a Canadian mining company. The total investment required for the project is approximately $3.2 billion, with construction already underway and commercial production expected to begin in 2028. This initiative is a key component of Project Vault, a $10 billion program designed to build strategic reserves of critical minerals.

Islamic State affiliate claims suicide bombing that killed 31 at Shiite mosque in Pakistani capital

Islamic State affiliate claims suicide bombing that killed 31 at Shiite mosque in Pakistani capital

An affiliate of the Islamic State group has claimed responsibility for a deadly suicide bombing inside a Shiite mosque on the outskirts of Pakistan’s capital that killed 31 people and wounded 169 others

Pakistan arrests 4 suspects in mosque bombing that killed 31 in the capital

Pakistan arrests 4 suspects in mosque bombing that killed 31 in the capital

Pakistani security forces have arrested four suspects linked to a suicide bombing at a Shiite mosque near the capital that killed 31 people

U.S. Commits $1.3 Billion to Pakistan's Reko Diq Mining Project

U.S. Commits $1.3 Billion to Pakistan's Reko Diq Mining Project

The United States has approved $1.3 billion in financing for Pakistan's Reko Diq copper and gold mining project in Balochistan. This funding is part of the U.S. Export-Import Bank's critical minerals financing framework, which supports the extraction and supply of key raw materials essential for global manufacturing and clean-energy supply chains. The Reko Diq project, one of the world's largest undeveloped copper and gold deposits, is being developed in partnership with a Canadian mining company and requires a total investment of $3.2 billion.

U.S. Approves $1.3 Billion Financing for Pakistan's Reko Diq Mining Project

U.S. Approves $1.3 Billion Financing for Pakistan's Reko Diq Mining Project

The United States has committed $1.3 billion in financing for Pakistan's Reko Diq copper and gold mining project located in Balochistan. This financial support is part of the U.S. Export-Import Bank's critical minerals financing framework, which aims to bolster the extraction, processing, and supply of essential raw materials for global manufacturing and clean-energy supply chains. The Reko Diq project, one of the world's largest undeveloped copper and gold deposits, is being developed through a partnership between Pakistan and a Canadian mining company. The project requires an estimated total investment of $3.2 billion, with construction activities already underway and commercial production expected to begin in 2028.

US Commits $1.3 Billion to Pakistan's Reko Diq Mining Project, Enhancing Economic Ties

US Commits $1.3 Billion to Pakistan's Reko Diq Mining Project, Enhancing Economic Ties

The United States has pledged $1.3 billion in financing for the Reko Diq copper and gold mining project in Balochistan, Pakistan. This initiative is part of the US Export-Import Bank's (EXIM) critical minerals financing framework, which aims to support the extraction and supply of essential raw materials for global manufacturing and clean-energy supply chains. The Reko Diq project, one of the world's largest undeveloped copper and gold deposits, is being developed in partnership with a Canadian mining company. The total investment required for the project is estimated at $3.2 billion, with construction already underway and commercial production expected to start in 2028. This funding is part of Project Vault, a $10 billion EXIM-backed initiative designed to enhance supply-chain security and establish strategic reserves of critical minerals worldwide.

US Delegation Seeks Collaboration with India in Aerospace and Technology Sectors

US Delegation Seeks Collaboration with India in Aerospace and Technology Sectors

US Delegation Seeks Collaboration with India in Aerospace and Technology Sectors

U.S. and India Announce Framework for Interim Trade Agreement to Reduce Tariffs

U.S. and India Announce Framework for Interim Trade Agreement to Reduce Tariffs

The United States and India have released a framework for an interim trade agreement aimed at reducing tariffs on goods between the two countries. This development follows U.S. President Trump's announcement to lower import tariffs on Indian goods, which were initially imposed to pressure India to reduce its reliance on Russian crude oil. Under the new framework, tariffs on Indian goods will be reduced from 25% to 18%, while India will eliminate or reduce tariffs on U.S. industrial goods and a variety of food and agricultural products. The agreement is described as 'reciprocal and mutually beneficial,' with both nations committed to working towards a broader trade deal that will enhance market access and support resilient supply chains. Indian Prime Minister Narendra Modi expressed gratitude to President Trump for his commitment to strengthening bilateral ties, while Indian Trade Minister Piyush Goyal highlighted the potential for increased exports and job creation.

Suicide bomber kills 31 in Shi'ite mosque in Pakistan's capital, officials say

Suicide bomber kills 31 in Shi'ite mosque in Pakistan's capital, officials say

By Asif Shahzad ISLAMABAD, Feb 6 (Reuters) - A suicide bomber killed at least 31 people and wounded almost 170 others during Friday prayers in a Shi'ite Muslim mosque in Pakistan's capital Islamabad, police and government officials said.

Pakistan’s cultural capital erupts in color as kite-flying Basant festival ends 20-year hiatus

Pakistan’s cultural capital erupts in color as kite-flying Basant festival ends 20-year hiatus

A burst of color lit up Lahore’s night sky overnight as Pakistan’s cultural capital relaunched the Basant kite-flying festival after nearly two decades

Barrick Delays Financing for Pakistan Project Amid Security Concerns

Barrick Delays Financing for Pakistan Project Amid Security Concerns

Barrick Mining has postponed the closing of financing for its Reko Diq copper/gold project in Pakistan's Balochistan province due to rising security concerns. The company's board and management are reviewing the asset's security situation, prioritizing the safety of their personnel. The project is part of the U.S. 'Project Vault' initiative, aimed at securing global supply chains for critical minerals. The U.S. Export-Import Bank has committed up to $1.3 billion in financing for the project. Development was previously stalled due to a legal dispute, resolved in 2022, allowing Barrick to re-enter the project.

Pakistan Military Claims Success in Balochistan Operation with 216 Fighters Killed

Pakistan Military Claims Success in Balochistan Operation with 216 Fighters Killed

Pakistan's military has concluded a weeklong security operation in Balochistan, claiming the deaths of 216 fighters. The operation, which began on January 29, targeted the Balochistan Liberation Army (BLA) following a series of coordinated attacks. The military stated that the operation significantly degraded the leadership and operational capabilities of the terrorist networks. During the operation, 36 civilians and 22 security personnel were also killed. The military recovered a substantial cache of foreign-origin weapons and claimed that the fighters received external support. Balochistan has been a hotspot for separatist movements, with armed groups resisting what they perceive as exploitation of the resource-rich province.