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ISLAMABAD: United States Charg&eacute; d&rsquo;Affaires Natalie Baker on Thursday noted growing momentum in Pakistan&ndash;US relations and highlighted American companies&rsquo; strong interest in investing in Pakistan&rsquo;s energy and critical minerals sectors, the Pakistani foreign office said.&nbsp;During a meeting with Deputy Prime Minister Ishaq Dar, Baker reaffirmed Washington&rsquo;s commitment to strengthening bilateral cooperation in trade and investment.&nbsp;The deputy prime minister emphasized that ties between Islamabad and Washington were improving, citing recent high-level engagements in New York and Washington, D.C.&nbsp;Dar also reiterated Pakistan&rsquo;s continued efforts to promote peace and stability in the Middle East and the wider region.&nbsp;Baker conveyed that US investors are increasingly exploring opportunities in Pakistan&rsquo;s energy, minerals, and information technology sectors, the statement added.&nbsp;Relations between Pakistan and the United States have seen renewed warmth over the past year, bolstered by diplomatic exchanges and prospective investment in Pakistan&rsquo;s &ldquo;untapped&rdquo; mineral resources, which include some of the world&rsquo;s largest copper and gold deposits.&nbsp;In September, Pakistan and the US signed two memorandums of understanding at a ceremony attended by Prime Minister Shehbaz Sharif, Pakistan Army Chief Field Marshal Asim Munir, and senior American officials.

Foreign Affairs

US Chargé d’Affaires Natalie Baker and Deputy PM Ishaq Dar discussed expanding Pakistan–US cooperation, with Washington showing keen interest in investments across Pakistan’s energy, minerals, and IT sectors amid improving bilateral ties and recent high-level engagements.

US firms eye Pakistan’s energy, mineral sectors: American diplomat

ISLAMABAD: U.S. Strategic Metals (USSM) on Monday signed a Memorandum of Understanding (MoU) with Pakistan&rsquo;s Frontier Works Organization (FWO), marking a new chapter in U.S.-Pakistan cooperation in the critical minerals sector, the U.S. Embassy in Islamabad said in a press release. The signing ceremony took place at the Prime Minister&rsquo;s House, with Acting Deputy Chief of Mission Zach Harkenrider and other senior officials in attendance. Speaking at the event, Charg&eacute; d&rsquo;Affaires Natalie Baker described the agreement as &ldquo;yet another example of the strength of the U.S.-Pakistan bilateral relationship,&rdquo; emphasizing that it stands to benefit both countries. &ldquo;The Trump administration has made the forging of such deals a key priority, given the importance of critical mineral resources to American security and prosperity,&rdquo; she said. Baker also expressed optimism about future collaboration between U.S. and Pakistani firms in mining and mineral development. About U.S. Strategic MetalsBased in Missouri, USSM specializes in the production and recycling of critical minerals. These include elements deemed essential by the U.S. Department of Energy for advanced manufacturing, clean energy technologies, and national defense applications. Strategic opportunityThe MoU comes just weeks after U.S. Secretary of State Marco Rubio reiterated Washington&rsquo;s interest in deepening collaboration with Pakistan on critical minerals and hydrocarbons. Pakistan&rsquo;s Commerce Minister Jam Kamal said in August that the government is actively offering joint venture opportunities to foreign investors, particularly in Balochistan, home to major projects such as the Reko Diq copper-gold mine. According to the Geological Survey of Pakistan, the country holds an estimated $6 trillion worth of mineral assets. Despite this vast potential, much of it remains underdeveloped and untapped.

Economy

U.S. and Pakistan sign critical minerals deal, aiming to unlock untapped resources and boost cooperation.

Articles tagged with "Pakistan minerals sector"

US firms eye Pakistan’s energy, mineral sectors: American diplomat

Digging into the future: U.S. eyes Pakistan’s untapped mineral riches