Pakistan and a US-based firm have inked a groundbreaking MoU for critical minerals cooperation—boosting energy and manufacturing sectors while strengthening bilateral ties.
A groundbreaking Memorandum of Understanding (MoU) has been signed between Frontier Works Organization (FWO) and US Strategic Metals (USSM), a Missouri-based firm focused on critical minerals, marking a major stride in Pakistan–US economic collaboration. The agreement, signed at the Prime Minister’s House in Islamabad, was witnessed by US Chargé d’Affaires Natalie Baker, who hailed it as a testament to the robust bilateral relationship, emphasizing its mutual benefits.The Express Tribune
Acting Deputy Chief of Mission Zach Harkenrider also joined the US delegation during the signing. The Critical Minerals MoU comes at a time when the US is prioritizing such strategic ties, aiming to secure critical mineral resources essential for advanced technologies and energy production.The Express Tribune
A high-level delegation, including representatives from USSM and Mota-Engil, toured Pakistan from September 7–9 to explore investment prospects in mining, infrastructure, and value-added processing facilities. They held discussions with Prime Minister Shehbaz Sharif, Chief of Army Staff Field Marshal Asim Munir, the Petroleum Minister, and the Commerce Minister. During these meetings, the delegation was briefed on Pakistan’s rich deposits of copper, gold, and rare earth elements.The Express Tribune
USSM expressed interest in setting up mineral processing facilities, expanding capacity for value addition, and supporting large-scale infrastructure projects. This initiative underscores a mutual interest in fostering long-term economic and strategic collaboration between Pakistan and the United States.The Express Tribune
For more news visit diginews.pk
