Pakistan and U.S. Seal Major $500M Strategic Minerals Deal

Pakistan has signed $500 million worth of investment agreements with two US-based companies to develop critical minerals and expand logistics infrastructure.

The deals were formalised during a meeting between Prime Minister Shehbaz Sharif and a US delegation, which included representatives of United States Strategic Metals (USSM) and Mota-Engil. Deputy Prime Minister Ishaq Dar, Army Chief Field Marshal Asim Munir, and senior ministers were also present.

The Frontier Works Organization signed an MoU with USSM to collaborate on rare earth processing and exports vital to defence, aerospace, and technology. Separately, the National Logistics Corporation inked an MoU with Mota-Engil Group to strengthen logistics and infrastructure. Initial cooperation will focus on exports of antimony, copper, gold, tungsten, and rare earth elements, with plans for a USSM poly-metallic refinery in Pakistan.

The PM’s Office said the agreements would enhance bilateral ties, ensure technology transfer, and create jobs. US Chargé d’Affaires Natalie Baker noted the deals underscored the depth of US-Pakistan relations.

President Donald Trump also welcomed the agreements, linking them to his administration’s broader trade initiatives with Pakistan, including prospective cooperation in oil exploration.