ISLAMABAD, Pakistan – On August 1, Pakistan will host the “first-ever” mineral conference to examine the immense potential of the minerals business.
Pakistan has huge reserves of many metallic and non-metallic mineral reserves, including gold, copper, iron, chromite, barites, gypsum, and rock salt, according to the state-run broadcaster.
Along with oil and gas development, Pakistan’s precious gemstone and marble industries have thrived, with its geostrategic location providing enormous prospects for linked businesses in the worldwide market.
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“The Government of Pakistan is organizing the first-ever Pakistan Minerals Summit on August 1,” according to state-run Radio Pakistan. “The highly anticipated event aims to explore and capitalize on the vast potential of the minerals industry.”
The news comes just a month after Pakistan established the Special Investment Facilitation Council (SIFC) to address the country’s economic woes by attracting international attention to business opportunities in agriculture, mining, information technology, and defense production in Pakistan.
The council is said to have approved nearly two dozen billion-dollar projects, including the Diamer-Bhasha dam and mining operations at Reko Diq in Balochistan’s Chagai region.
Separately, the government approved the Pakistan Investment Policy (PIP) 2023 this month in order to attract investors by using best practices and establishing an optimal investment climate.
According to officials, the new strategy, designed in collaboration with the World Bank and the International Finance Corporation, is projected to attract up to $25 billion in investment over the next several years.
