Islamabad: The Special Investment Facilitation Council (SIFC) has introduced a series of policy measures aimed at advancing the mining and minerals sector in Pakistan. These initiatives include the establishment of the Mines and Minerals Division to expedite mining operations, collaborations for workforce development, and international partnerships to enhance sectoral investments.
According to Ministry of Information and Broadcasting, A new Mines and Minerals Division has been created to speed up mining activities and bolster the sector’s growth. Notably, the Reko Diq Mining Company is actively contributing to vocational training and skills development in Chaghi, in cooperation with The Talent Foundation, as part of its Corporate Social Responsibility efforts. This move is part of a broader initiative to prepare the local youth for industry-specific jobs.
Furthermore, during a recent visit by the Saudi Foreign Minister to Pakistan, prospects for investment in the Reko Diq project were discussed, highlighting international interest in Pakistan’s mining capabilities. Additionally, efforts are underway to explore new mineral deposits in the Koh-e-Sulayman region of Balochistan through Public-Private Partnerships and updated Regulatory Frameworks. This initiative is supported by a feasibility study that aims to uncover new mining opportunities.
The collaboration between Pakistan and Kuwait has also led to the creation of a one-billion-dollar mining fund under a Government-to-Government model, which underscores the growing international confidence in Pakistan’s mining sector. A joint venture to capitalize on the country’s reserves of pink salt further exemplifies the innovative approaches being adopted to exploit available resources.
These proactive measures have already yielded substantial financial benefits, with the Ministry of Mines and Minerals reporting a revenue increase of fifteen billion rupees, which is twenty-four percent higher than anticipated, reflecting the positive impact of these initiatives on the sector’s productivity and profitability.