Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar announced that a mineral deal focusing on the country’s mineral sector is on the verge of being finalized with the United States. Speaking at an event in Washington, Dar expressed confidence that the deal could be concluded within days, following extensive discussions between the two nations. The agreement aims to foster cooperation in Pakistan’s vast mineral resources, particularly in the copper and gold-rich Reko Diq mine in Balochistan, which holds an estimated $6-8 trillion in untapped wealth.
Details of Mineral Deal
The talks, which have involved both in-person and virtual meetings, are part of a broader effort to strengthen economic ties. Pakistan is positioning its mineral sector as a key area for foreign investment, with the government emphasizing local processing of raw materials to boost industrialization. The deal is expected to provide U.S. companies with opportunities to invest in mining projects, particularly in Balochistan, where security concerns have historically posed challenges. Pakistan’s leadership has assured investors of a robust security framework to protect their interests.
This development follows recent diplomatic engagements, including a meeting between Dar and U.S. Secretary of State Marco Rubio, where both sides highlighted the importance of expanding bilateral trade. The agreement could also ease the impact of U.S. tariffs on Pakistani exports, which currently face a 29% rate due to a trade surplus. By leveraging its mineral wealth, Pakistan aims to reduce reliance on international loans and drive economic growth. Posts on X reflect similar optimism, with users noting ongoing negotiations to enhance U.S. investment in Pakistan’s mining sector, signaling a positive shift in bilateral relations.
Published in SouthAsianDesk, July 26th, 2025
Follow SouthAsianDesk on X, Instagram, and Facebook for insights on business and current affairs from across South Asia.
