Islamabad: Prime Minister Shehbaz Sharif has extended an invitation to global investors to exploit Pakistan’s extensive mineral resources, emphasizing a shift from raw mineral exports to value-added industrial development. Addressing the Pakistan Minerals Investment Forum 2026 in Islamabad, he outlined plans to develop processing and manufacturing industries within the nation.

According to Radio Pakistan, the Prime Minister highlighted the importance of establishing refineries, smelters, and cable factories to enhance the value of Pakistan’s mineral resources. He cited the Reko Diq project as a significant opportunity, noting that the development of one of the world’s largest untapped copper and gold deposits is underway, with production projected to start by 2028. Previously stalled for two decades, this project is now moving towards operational execution, he said.

Shehbaz Sharif acknowledged Barrick’s continued investment in Pakistan and referenced a Goldman Sachs report indicating the potential for Pakistan to become the sixth-largest economy by 2075. However, he expressed optimism that this milestone could be achieved by 2050. He detailed government efforts to create a conducive investment environment through simplified procedures, transparency, and robust institutional support. The establishment of a National Mineral Data Cell and the digitization of geological records aim to provide investors with comprehensive information before committing resources.

The Prime Minister assured investors of the government’s commitment to safeguarding their assets and personnel, pledging federal and provincial cooperation to support investment initiatives. He invited investors facing bureaucratic hurdles to approach him directly, promising swift resolution.

Highlighting the value of Pakistan’s human capital, Shehbaz Sharif urged international partners to invest in skill development and technology transfer programs, fostering local expertise and entrepreneurship. He stressed that mining investments should benefit local communities through job creation and improved infrastructure.

The Prime Minister underscored the need for responsible mining practices that align with international standards, ensuring environmental protection alongside economic development. He reaffirmed the government’s dedication to collaborating with investors and provincial authorities to ensure the equitable distribution of mining benefits to local populations.

In closing, Shehbaz Sharif expressed confidence in building a prosperous partnership with international investors, transforming Pakistan’s mineral wealth into a catalyst for economic growth and shared prosperity.