Pakistan has signed a $500 million agreement with US-based company US Strategic Metals (USSM) to explore and develop its mineral resources, a move seen as a major milestone for the country’s economy.
The deal was finalized at the Prime Minister’s House in Islamabad, with senior officials from both Pakistan and the United States present.
The partnership was described as “game-changing,” as it has the potential to reshape supply chains worldwide.
The Memorandum of Understanding (MoU) was signed between USSM leaders and Pakistan’s Frontier Works Organisation (FWO). Acting US Deputy Chief of Mission, Zach Harkenrider, attended the signing ceremony, highlighting the importance of the agreement.
US Chargé d’Affaires Natalie Baker praised the deal, calling it a strong example of US-Pakistan cooperation. She stressed that critical minerals such as copper, gold, and rare earth elements are essential for modern industries, from electronics to renewable energy.
Pakistan, with its untapped reserves of antimony, tungsten, gold, and copper, aims not only to extract these resources but also to build capacity in processing and infrastructure.
Alongside this, the National Logistics Corporation (NLC) signed an MoU with global construction leader Mota-Engil Group, which will bring investment in logistics, construction, and technology transfer.
Experts say this could be the start of much larger investments, possibly in the billions of dollars, and could make Pakistan an important player in the global minerals market.
If managed effectively, this partnership could create jobs, strengthen industries, and boost Pakistan’s role in meeting the world’s growing demand for critical resources.
