Jam Kamal seeks lower equipment duties, global partnerships for Pakistan’s miners
Commerce Minister Jam Kamal Khan proposed competitive taxes and partnerships linking Pakistani miners with overseas companies during talks with Wood Mackenzie in Islamabad.
Federal Commerce Minister Jam Kamal Khan has urged competitive taxation, investor-friendly policies and stronger overseas partnerships to draw foreign investment into Pakistan’s mining industry during talks with a Wood Mackenzie delegation in Islamabad.
The discussions covered investment opportunities, mining services, international partnerships and preparations for the Pakistan Minerals Investment Forum (PMIF). Participants also considered Pakistan’s fiscal competitiveness and its ability to attract major international investors.
Khan said developing largely untapped deposits of antimony, copper, gemstones, iron ore and other critical minerals could expand exports, bring in foreign capital and support industrial growth. He called for lower import duties on specialised mining equipment and closer coordination between provincial and federal governments to ease international investment.
He proposed bringing small-scale Pakistani miners and existing mining leaseholders together with major overseas companies through financial partnerships, joint ventures and technology transfer. Such arrangements, he said, would give local businesses access to international expertise, technology and investment while helping develop mineral resources.
Outlining the Ministry of Commerce’s role, Khan said better market access, tariff rationalisation, professional services development and trade agreements could make Pakistan more competitive as a destination for mineral investment.
He favoured adding value in stages, with commercially viable mines laying the groundwork for later investment in copper smelting, refining and downstream manufacturing. He also proposed cooperation across the mineral value chain so countries could pool their strengths in technology, exploration, trade and processing.
The Wood Mackenzie delegation discussed worldwide investment trends, tax competitiveness and opportunities to develop Pakistan’s mining services ecosystem. It also exchanged views on PMIF preparations and prospects for attracting leading international mining companies.
Khan reiterated the government’s commitment to developing mineral resources to support sustainable economic growth.
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