Pakistan to show mining potential

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Islamabad:

Pakistan shows its metals and minerals to local and international investors during the two-day Pakistan Minerals Investment Forum 2025, beginning today (Tuesday) in Islamabad.

Representatives from major economies and companies including the US, UK, China, Saudi Arabia, Turkey, Denmark, Azerbaijan, Finland and Kenya, participate in the forum, Minister of Petroleum Ali Pervaiz Malik and Oil and Gas Development Company Limited (Ogdcl) MD Ahmed Hayat Lak at a joint before-Elevent Press Conference Monday.

“The sector’s [mining] Contributions to Pakistan’s GDP are less than 8%, but the specified potential is not reflected in our economy. We are moving towards company direction of the mining sector, ”the minister said.

“Minerals are a provincial question. International stakeholders often struggle to identify the right point of contact because of our six policies, eight actions and 36 rule versions,” he added.

There is effort to implement a unified framework that some provinces have approved at the cabinet level, while others have passed legislation. The framework, which is based on global best practices of countries such as Indonesia and Australia, was prepared with the help of White & Case and reviewed by Wood Mackenzie.

“We also auctione blocks nearby and revitalize the geological study of Pakistan. Bids of bids are underway to encourage investigation, and we are pursuing partnerships with international companies,” the minister said. OGDCL MD said the company is fully involved in the REKO DIQ project together with Pakistan Petroleum Limited (PPL) and Government Holdings (Private) Limited (GHPL). He noted that the focus is now “beyond Reko DIQ” with new discovery messages and expected agreements.

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