Islamabad:
Pakistan will highlight its potential metals and minerals to local and international investors during Pakistan Minerals Investment Forum 2025 of two days, from today (Tuesday) in Islamabad.
Representatives of major economies and businesses, including the United States, the United Kingdom, China, Saudi Arabia, Turkey, Denmark, Azerbaijan, Finland and Kenya, will attend the Forum, the Minister of Petroleum Ali Pervaiz Malik and the development of oil and gas limited (OGDCL) MD Ahmed Hayat Lak avant-inventory.
“The sector [mining] The contribution to Pakistan GDP is less than 8%, but the indicated potential is not reflected in our economy. We are heading to the corporate of the mining sector, “said the minister.
“Minerals are a provincial question. International stakeholders often find it difficult to identify the right point of contact because of our six policies, eight acts and 36 versions of rules,” he added.
Efforts are underway to implement a unified framework, which certain provinces have approved in the office, while others have adopted legislation. The framework, based on country best practices in countries like Indonesia and Australia, was written with the help of White & Case and examined by Wood Mackenzie.
“We also sell nearby block auctions and revitalize the Geological Survey of Pakistan. The auctions are underway to encourage exploration, and we are looking for partnerships with international companies,” said the minister. The OGDCL MD said that the company was fully involved in the Reko Diq project, as well as Pakistan Petroleum Limited (PPL) and Government Holdings (Private) Limited (GHPL). He noted that the objective is now “beyond Reko Diq”, with new announcements and discovery agreements expected.
