Pakistan Loan from America: The friendship between Pakistan and America seems to be getting stronger. Taking advantage of this thing, Pakistan has sought debt from America for mine development in Balochistan.
Pakistan Balochistan Mine Project: The biggest reason for Pakistan is being so forced before America. Pakistan, showing its actions, has sought a loan of $ 100 million from its beloved America due to the development being done in Balochistan due to the development of RECO Dick Mines. Pakistan has pleaded with the US Export-Import (Exim) bank for debt. Pakistan wants to create infrastructure to facilitate transportation, a processing plant, power generation and storage in Balochistan mine. Not only money, Pakistan has also sought assistance of engineering, construction management services, feeders and other equipment from America.
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Amidst all this, former US Finance Minister Ivan E. Faganbam has been seen making fun of this demand of Pakistan. He has given the example of China for this. He said that China has damaged as much money in the China-Pakistan economic corridor. Now, while walking on that path, America has also started wasting money. Pakistan’s decision to buy crude oil from America has strengthened the relationship between the two countries. Talking about this, US President Donald Trump had said that under the agreement, the first consignment of crude oil from the US would reach Pakistan by the end of this year.
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After this, Donald Trump further said that giving crude oil to Pakistan from America will help to increase the oil reserves. In the coming time, India may have to buy oil from Pakistan. However, the US needs to pay attention to one thing that there is only 23.4 crore to 35.3 crore barrels in Pakistan, while India currently has 4.8 billion to 5 billion barrels of crude oil. In the global rankings of oil reserves, Pakistan is between 50 and 55th place, while India is close to 20th place.