——– At Pakistan Minerals Investment Forum, PM says will not allow raw materials to be shipped out of country
——– Invites foreign investors to tap trillion-dollar mineral resources
——– Dar claims Pakistan poised as global mining powerhouse
——– Malik adds economic stability achieved through consistent efforts
By Asghar Ali Mubarak
ISLAMABAD: In a major initiative for economic development, Prime Minister Shehbaz Sharif on Tuesday invited local and foreign investors to invest in Pakistan’s abundant natural resources, valued at trillions of dollars.
Addressing the two-day Pakistan Minerals Investment Forum 2025 (PMIF25) in Islamabad, he expressed confidence that harnessing these great assets would help Pakistan get rid of loans.
Highlighting the potential of mineral resources in different areas of the country, the prime minister emphatically said that Pakistan will not allow raw materials to be shipped out of the country.
He emphasised the importance of exporting finished and semi-finished products, saying it would be a win-win situation. He said any agreement should also entail that technology will be transferred to Pakistan over a period of time. He said entrepreneurs would also be welcome to establish joint partnerships for training the youth in modern skills by setting up vocational training centres.
The prime minister emphasised that the federal and provincial governments, along with other institutions, would work together to transform Pakistan into one of the leading countries in the world.
The two-day PMIF25 is taking place in the federal capital with an estimated 2,000 people in attendance, in an effort to exhibit the nation’s enormous mineral potential. During the event from April 8 to 9, the government would present Pakistan’s mineral-rich terrain, which covers around 600,000 square kilometres. The attendees include 300 representatives from overseas. Representatives of Azerbaijan, Saudi Arabia, China, the US State Department, the US Exim Bank, the Asian Development Bank (ADB), and CEOs of mining companies from Denmark, Kenya, Finland, and the UK are among the participants.
It is expected that a number of agreements and memorandums of understanding (MoUs) will be inked at the forum.
Despite its vast potential, the mineral sector currently contributes only 3.2% to Pakistan’s GDP, with exports accounting for a mere 0.1% of the global total.
However, with increased exploration, foreign investment and infrastructural development, the industry is poised for significant growth.
A key highlight of the forum will be the official launch of the National Minerals Harmonisation Framework 2025 by the federal government, aimed at attracting investment in the mineral sector.
The United States would be represented by Eric Meyer, Senior Bureau Official for the Bureau of South and Central Asian Affairs, to advance US interests in the mineral sector.
In his opening remarks, Deputy Prime Minister Ishaq Dar said Pakistan is strategically positioned to emerge as a global mining powerhouse, underpinned by its unparalleled geological wealth.
He highlighted that Pakistan is home to monumental reserves like Reko Diq. He said Pakistan also hosts vast resources of rare earth elements, industrial minerals, non-metallics and gemstones including globally sought-after peridote and emerald.
The deputy prime minister said with this vast untapped mineral potential, Pakistan’s resource corridor is poised to reshape global supply chains and attract foreign direct investment.
Dar said the government has prioritised the strategic development of the mining sector through progressive policy reforms and investor-centric initiatives, laying the foundation for a robust ecosystem that delivers value for all stakeholders.
The deputy prime minister said this investment forum provides a unique platform for stakeholders, partners and friendly countries to explore new prospects and build mutually beneficial partnerships.
