- Pakistan is as a world mining, explains Ishaq Dar.
- The economic stability made thanks to constant efforts, explains Malik.
- Balutchistan has immense mineral potential, explains Jam Kamal.
In a major initiative for economic development, Prime Minister Shehbaz Sharif invited local and foreign investors on Tuesday to invest in abundant natural resources in Pakistan, assessed at billions of dollars.
Addressing Pakistan Minerals Investment Forum 2025 (PMIF25) in Islamabad, he expressed his confidence that the exploitation of these great assets would help Pakistan to get rid of loans.
Stressing the potential for mineral resources in different regions of the country, the Prime Minister argued with force that Pakistan would not allow raw materials to be shipped from the country.
He stressed the importance of exporting finished and semi-finished products, saying that it would be a win-win situation. He said that any agreement should also imply that technology will be transferred to Pakistan over a period of time.
He said that entrepreneurs would also be invited to establish joint partnerships for the training of young people with modern skills by creating vocational training centers.
The Prime Minister stressed that federal and provincial governments, as well as other institutions, would work together to transform Pakistan into one of the main countries in the world.
The two -day PMIF25 takes place in the federal capital with around 2,000 people present, in order to show the huge mineral potential of the country.
During the event from April 8 to 9, the government would present the field rich in minerals in Pakistan, which covers around 600,000 square kilometers.
Participants include 300 overseas representatives. Representatives of Azerbaijan, Saudi Arabia, China, the US State Department, the US Bank Exim, the Asian Development Bank (BAD), and CEOs of Denmark, Kenya, Finland and the United Kingdom are part of the participants.
It is expected that a certain number of agreements and understanding of understanding (soft) will be inked at the forum.
Despite its vast potential, the mineral sector currently only contributes 3.2% to Pakistan GDP, exports representing only 0.1% of the world total.
However, with increased exploration, foreign investments and infrastructure development, industry is ready for significant growth.
A key point of the forum will be the official launch of the framework of the national harmonization of 2025 minerals by the federal government, aimed at attracting investments in the mineral sector.
The United States would be represented by Eric Meyer, senior manager of the office of the South and Central Affairs Bureau, to advance American interests in the mineral sector.
Strategic development of the mining sector
In its opening remarks, Darrier Ishaq Dar said that Pakistan is strategically placed to emerge as a world mining power, supported by its unequaled geological richness.
He stressed that Pakistan is home to monumental reserves like Reko Diq. He said that Pakistan also hosts large resources of rare earth elements, industrial minerals, non-metallic and precious stones, including the peridote and the emerald sought after world sought after.
The Deputy Prime Minister said that with this vast unexploited mineral potential, the Pakistan resources corridor is about to reshape global supply chains and attract foreign direct investments.
DAR said that the government has prioritized the strategic development of the mining sector thanks to progressive policy reforms and initiatives centered on investors, laying the basics of a robust ecosystem which offers value to all stakeholders.
The Deputy Prime Minister said that this investment forum provides a unique platform for stakeholders, partners and friendly countries to explore new perspectives and establish mutually beneficial partnerships.
Rationalization of legislation
Federal Minister of Power Ali Perviz Malik, in his speech, said that economic stability in Pakistan had been made possible thanks to coherent government efforts.
He noted that the government is rationalizing legislation to facilitate the functioning of investors in the country. Stressing the nature of the mining sector, which is part of the provincial jurisdiction, he stressed that a complete consultation is carried out with the provinces.
Malik added that institutions such as the Special Investment COUCIL (SIFC), the oil division and other relevant organizations make concerted efforts to attract investments in the mineral sector.
He said the forum aims to stimulate investments in unexploited mineral resources from Pakistan. It is particularly important, he noted, is attached to the province of Balutchistan in this regard.
He reaffirmed the government’s commitment to the effective use of the country’s mineral wealth, adding that the participation of foreign dignitaries in the forum reflects increasing international trust in the mineral sector of Pakistan.
Later, participating in a discussion session, the Minister of Commerce Jam Kamal stressed that Pakistan is the investment destination in minerals.
He said that our resources are potentially so high that they will certainly attract a lot of investment and interest from local and foreign companies.
Kamal, during the fight against the forum, said that Balutchistan has significant potential in the mineral sector. He assured that each possible measure is taken to respond to security concerns for investors.
The government is trying to restore investor confidence, he said, noting that investment in the mineral sector is a long-term business rather than a short-term initiative.
In his speech, Saudi minister of minerals, said that Saudi Arabia examines the prospects for a strategic partnership with Pakistan in the development of the mineral sector.
He recognized Pakistan’s strong potential in minerals and has expressed his interest in future cooperation.