- 2,000 people are likely to attend
- Number of agreements, Mous also expected.
- PMIF25 to become annual event: OGDCL MD
Islamabad: The two-day Pakistan Mineral Investment Forum 25 (PMIF25) has started today (Tuesday) in Islamabad with an estimated 2,000 people present in an attempt to exhibit the nation’s enormous mineral potential.
During the event from April 8 to 9 The news reported.
The participants include 300 representatives from abroad. Representatives of Azerbaijan, Saudi -Arabia, China, the US Department of State, US Exim Bank, 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 the Memorandums (Mous) would be inked on the forum.
The federal minister of petroleum and natural resources Ali Pervaiz Malik announced on Monday that it said it was introduced to a total mining regulating framework that would provide incentives for value added to withdraw both domestic and foreign investors.
Flanked by Oil & Gas Development Company Limited (OGDCL) CEO Ahmed Hayat Lak during a press conference, the federal minister said the importance of responsible mining and ensured environmental protection and health and safety for local communities and workers. He noted that the mineral sector is a provincial topic that leads to investor confusion due to different policies. Currently, there are six provincial mineral policies, eight actions and 36 different rules for the sector.
Ogdcl MD declared that PMIF25 would be an annual event with plans to improve its scope each year.
A central highlight of the forum would be the official launch of the National Mineral Harmonization Framework 2025 of the federal government aimed at attracting investments in the mineral sector.
Prime Minister Shehbaz Sharif would give the political speech on opening day, while General Staff Chief Asim Munir would also treat the forum. Key speakers include Finance Minister Muhammad Aurangzeb, Deputy Prime Minister Ishaq Dar, Minister of Energi Ali Pervaiz Malik and Minister of Commerce Jam Kamal Khan.
The United States would be represented by Eric Meyer, senior agency -Officer of Bureau of South and Central Asian Affairs, to promote US interests in the mineral sector. Foreign investors and experts arrive at Islamabad to attend the event, including ADB vice gene dirk Catherine Marsh and a delegation from China’s Xi’an Geological Survey Center.
Despite its enormous potential, the mineral sector currently contributes only 3.2% to Pakistan’s GDP, with exports that account for only 0.1% of the global total amount. However, with increased investigation, foreign investment and infrastructure development, the industry is ready for significant growth.
