In a major step towards unlocking Pakistan’s vast mineral wealth, the Government of Pakistan has signed a USD 500 million Memorandum of Understanding (MoU) with US-based Strategic Metals (USSM). The agreement, signed at the Prime Minister’s House between USSM and the Frontier Works Organisation (FWO), highlights growing US-Pakistan economic cooperation and promises huge opportunities in the country’s critical minerals sector.

USSM, headquartered in Missouri, is a global leader in producing and recycling cobalt, nickel, copper, and rare earth elements (REEs). The company also specialises in extracting valuable metals from lithium-ion batteries – essential for clean energy technologies, electric vehicles, and advanced manufacturing.

Strengthening US-Pakistan Relations

Speaking at the ceremony, US Chargé d’Affaires Natalie Baker said the agreement was “another example of the strength of the US-Pakistan bilateral relationship that will benefit both countries.”

The Prime Minister’s Office confirmed that the USSM delegation also held high-level meetings with the Prime Minister, Chief of Army Staff, and senior government officials to explore mining, processing, and value addition opportunities. Pakistan’s vast reserves of copper, gold, antimony, tungsten, and rare earth minerals were showcased during these discussions.

Logistics & Export Boost

Alongside this historic MoU, another agreement was signed between Pakistan’s National Logistics Corporation (NLC) and Mota-Engil Group, a global engineering and construction firm. This collaboration will enhance logistics infrastructure to support mineral exports, making Pakistan a key player in the global critical minerals market.

$500 Million Investment to Create Jobs & Growth

Officials revealed that the partnership will start with the export of readily available minerals, with the first phase of investments valued at approximately USD 500 million. The collaboration is expected to generate new jobs, technology transfer, and long-term sustainable growth for Pakistan’s economy.

Why It Matters for Pakistan’s Future

Pakistan is home to world-class copper, gold, and rare earth deposits, making it a potential hub for international investors. With growing demand for clean energy, EVs, and advanced technologies, this deal positions Pakistan as a reliable source for critical minerals.

For Pakistan’s economy, especially cities like Lahore and Karachi, such investments can help strengthen industrial growth, real estate development, and infrastructure expansion – bringing long-term prosperity.