Pakistan secures $500m US investment in critical minerals

Pakistan is set to receive a landmark investment of around $500 million in its critical minerals sector under a newly signed agreement with United States Strategic Metals (USSM), the Prime Minister’s Office announced on Monday. The commitment follows the signing of two Memoranda of Understanding (MoUs) at the Prime Minister's House during the visit of a high-level US delegation, which included representatives from USSM and Mota-Engil, a global mining and infrastructure group. The agreements cover cooperation in the development and processing of critical minerals, including rare earth elements (REEs), as well as logistics services.