The article discusses the growing interest of the United States in investing in Pakistan's substantial mineral reserves, estimated at $8 trillion. This interest is demonstrated by high-level visits from US officials, including those from the State Department and Congress, who see this as a potential area for cooperation. The US aims to diversify its sources of critical minerals, a move driven by the global demand and China's recent decision to suspend rare-earth exports.
However, significant security challenges exist in Pakistan's mineral-rich areas, particularly Balochistan and Khyber Pakhtunkhwa provinces. These regions have experienced a high number of terrorist attacks, with a substantial increase in violence perpetrated by groups like the Balochistan Liberation Army (BLA). The unrest is partly fueled by anger over resource exploitation and past counterterrorism operations. While Pakistan's army has pledged security, the insufficient protection provided to Chinese investors raises doubts about their ability to ensure the safety of US investments.
The article also covers other significant events in South Asia:
Pakistan views potential mineral investment as a way to reduce its reliance on international financing. However, the article points out the challenges posed by insufficient infrastructure, energy constraints, and the existing ‘resource curse,’ where despite abundant resources, the country struggles economically. Finally, the Maldives' ban on Israeli tourists to show solidarity with Palestine and Sri Lanka's challenges of managing the influx of Israeli tourists, especially in Arugam Bay, are highlighted as under-the-radar developments.