ISLAMABAD: Pakistan anticipates the arrival of around 300 foreign delegates for the two-day Minerals Investment Forum 2025, where it plans to unveil a unified framework to promote mining and mineral investment opportunities across four provinces, Azad Kashmir and Gilgit-Baltistan.<\/p>\n
Speaking at a news conference managed by the Inter-Services Public Relations (ISPR), Petroleum Minister Ali Pervaiz Malik said a number of memorandums of understanding (MoUs) and agreements for investments would be signed during the event to be also attended by senior government officials from China, the United States, Saudi Arabia, Turkiye and Azerbaijan.<\/p>\n
The US delegation would also include representatives from the State Department, Geological Survey and Exim Bank, while companies from Denmark, Finland, Kenya and the United Kingdom would also be participating, the minister said, adding that Pakistan would use the opportunity to showcase its potential in rare earth metals and precious minerals for promoting responsible and corporate mining.<\/p>\n
\u201cDespite great potential in Tethyan mineral belt, spread across many countries, the mineral sector\u2019s contribution was less than one per cent of GDP,\u201d Mr Malik said.<\/p>\n
Plans to unveil unified framework to promote investment opportunities across four provinces, AJK and GB<\/p>\n
He added that a total of about 2,000 participants were expected to attend the April 8-9 forum that would not be limited to just discussions but also involve confirmation of a number of MoUs and agreements.<\/p>\n
He said the major challenge for international investors to enter Pakistan\u2019s mineral and mining sector used to be separate set of policies, rules and departments to deal with as there were six policies at the centre, provinces and regions, eight acts of law and 36 versions of rules which have now been evolved into a harmonised framework with a lot of efforts that would be announced during the two-day forum.<\/p>\n
The framework had been developed and drafted by an international firm in consultation with another US consulting firm involving substantial fiscal incentives to attract investment based on lesson learnt from successful models in Indonesia, Kazakhstan and British Columbia. \u201cThe harmonised framework would be unveiled during the mineral forum,\u201d he said.<\/p>\n
Training programmes would be also launched on the<\/p>\n
occasion for which agreements would be announced with<\/p>\n
international companies for financing and technical<\/p>\n
equipment and \u201ca number of blocks adjoining Reko Diq block are going to be auctioned,\u201d he said.<\/p>\n
The minister did not agree with a questioner that the centre was taking over provincial roles in the mineral sector, saying \u201cwe are not capturing anyone\u2019s mineral resource but only facilitating them. The ownership, royalties and other related rights and benefits still belong to the provinces,\u201d he said, adding that a joint effort facilitated by the centre and supported by the armed forces would take the country forward.<\/p>\n
He said the chief ministers of Sindh, Balochistan and Punjab had been invited and would be joining the even, while Khyber Pakhtunkhwa Chief Minister Ali Amin Gundapur had assigned his adviser on finance Muzammil Aslam to represent him due to his own prior commitments.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD: Pakistan anticipates the arrival of around 300 foreign delegates for the two-day Minerals Investment Forum 2025, where it plans to unveil a unified framework to promote mining and mineral investment opportunities across four provinces, Azad Kashmir and Gilgit-Baltistan. Speaking at a news conference managed by the Inter-Services Public Relations (ISPR), Petroleum Minister Ali Pervaiz […]<\/p>\n","protected":false},"author":1,"featured_media":7947,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-7946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national-news"],"_links":{"self":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts\/7946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7946"}],"version-history":[{"count":1,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts\/7946\/revisions"}],"predecessor-version":[{"id":7948,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts\/7946\/revisions\/7948"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/media\/7947"}],"wp:attachment":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}