Pakistan Seeks to Develop Mineral Sector



Pakistan has a lot of unexploited mineral potential which it aims to tap. To do this, the country is seeking international partners to invest in five key mineral projects These projects will help develop deposits of metals like copper and gold. 


Some of the main mining sites being offered to investors are located in Balochistan province This includes blocks containing copper in the Chagai district There are sizeable reserves estimated at these sites that can be mined commercially Another area identified is the North Waziristan region which also has copper blocks Developing these resources will boost local economies and create job opportunities.


In addition to copper mining Pakistan is working on the multi billion dollar Reko Diq project located in Balochistan This mine contains large reserves of copper and gold Conducting feasibility studies currently the project is planned to start production in 2028 if it attracts sufficient investment Transport infrastructure like railways between Gwadar and Chagai will also be built to aid the mining operations.


The government aims to sign agreements with foreign partners soon to develop these five mineral projects The United Arab Emirates has shown interest in investing This will allow transfer of mining technology and experience to Pakistan A $1 billion sovereign investment fund is also planned with participation from friendly countries like Kuwait. 


Overall successful development of these mineral projects through international partnerships can be a real boost for Pakistan's economy Regular revenues from exports of mined metals will increase as mining capacities are ramped up in the coming years This will help meet the growing global demand for resources and strengthen bilateral cooperation.

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