Tuesday, October 3, 2023

Pakistan’s Mineral Reserves Value is Whipping $6.1 Trillion: Petroleum Minister

Pakistan recently held its first-ever summit on minerals in Islamabad, where they emphasized the importance of foreign investors in tapping into the country’s estimated $6 trillion worth of natural resources. The Army Chief, General Syed Asim Munir, stressed that foreign investors would play a vital role in unlocking the potential of Pakistan’s mineral deposits.

The event was organized by the Special Investment Facilitation Council (SIFC), established to attract foreign investment, with the army playing a significant role in the council.

They assured foreign investors that the country is committed to providing a secure environment for their investments and that the new framework aims to create an investor-friendly system with favorable conditions.

General Munir highlighted the vast exploration opportunities in Pakistan and pledged joint efforts to harness the country’s mineral potential. Prime Minister Shehbaz Sharif also encouraged following the example of Middle Eastern states in developing their mineral wealth.

The summit received widespread attendance from foreign investors, diplomats, and international dignitaries, showcasing the country’s commitment to developing its mining industry.

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