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US firm agrees $500 million investment deal with Pakistan for critical minerals
The $500 million partnership aims to develop Pakistan's mineral sector, creating 40,000 tons of key minerals annually to support US manufacturing and energy security.
- A U.S. metals company signed a $500 million investment deal with Pakistan's Frontier Works Organization for collaboration including setting up a poly-metallic refinery.
- Pakistan reached a trade agreement with the U.S. last month, hoping to attract American investment in its minerals and oil reserves.
- Prime Minister Shehbaz Sharif said Pakistan possesses mineral reserves worth trillions of dollars, and the deals could help overcome the financial crisis.
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Associated Press News+40 Reposted by 40 other sources
US firm agrees $500 million investment deal with Pakistan for critical minerals
A U.S. metals company has signed an agreement with Pakistan, pledging to invest an initial $500 million in the country’s largely untapped critical minerals sector.
·United States
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US metals company inks $500m MoU with Pakistan on critical minerals
Acting Deputy Chief of Mission Zach Harkenrider accompanied a USSM-led delegation to the Prime Minister’s House, where the MoU was signed with Pakistan’s Frontier Works Organisation (FWO), according to a report, citing US Embassy
·Mumbai, India
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Coverage Details
Total News Sources54
Leaning Left5Leaning Right8Center30Last UpdatedBias Distribution70% Center
Bias Distribution
- 70% of the sources are Center
70% Center
12%
C 70%
R 19%
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