Islamabad, Caretaker Prime Minister Anwaar-ul-Haq Kakar highlighted new achievements in Pakistan’s mining sector, attributing these milestones to the efforts of the Special Investment Facilitation Council (SIFC). His remarks came during a meeting with a delegation from the US-based Miracle Saltworks Collective Incorporation, a prominent salt mining and processing company, in Islamabad today.
According to Ministry of Information and Broadcasting, the Prime Minister expressed optimism about the potential for increased Pakistani salt exports and strengthened trade relations with the United States following an agreement between the Pakistan Mineral Development Corporation and Miracle Saltworks Collective Incorporation. He emphasized that Pakistan’s mining sector holds billions of dollars in reserves, and this joint venture is a testament to the country’s attractive investment environment.
During its tenure, the caretaker government has implemented various strategies to boost Foreign Direct Investment (FDI) in Pakistan, which are beginning to show positive outcomes. The Prime Minister’s discussions with the Miracle Saltworks delegation underscore a commitment to enhancing Pakistan’s economic ties with international partners and attracting more investment into the country’s mining sector.
The Miracle Saltworks Collective Incorporation delegation expressed gratitude for the cooperation extended by the Pakistani government and the Special Investment Facilitation Council. They shared plans to list the company on major global stock exchanges after establishing operations in Pakistan, a move expected to benefit both the government and local investors.
Furthermore, the company outlined its intentions to contribute to the socio-economic development of communities living near the salt mines. These plans include providing education, health services, and job opportunities, aiming to improve the living standards of the local population.
This partnership between Pakistan and a US-based company not only signifies a significant step forward in exploiting Pakistan’s rich mineral resources but also highlights the growing confidence of international investors in the country’s economy and investment climate.