Islamabad:
Pakistan will exhibit its potential for metals and minerals to local and international investors during the Pakistan Mineral Investment Forum of two days 2025, as of today (Tuesday) in Islamabad.
Representatives of the main economies and companies, including the United States, the United Kingdom, China, Saudi Arabia, Turkey, Denmark, Azerbaijan, Finland and Kenya, will attend the forum, the Minister of Petroleum Ali Pervaiz Malik and the company of Oils Development and Gas of Limited Gas (OGDCL) Ahmed Hayat Lak, said in a pre -press conference.
“The sector [mining] Pakistan’s contribution to GDP is less than 8%, but the indicated potential is not reflected in our economy. We are moving towards the mining sector corporation, “said the minister.
“Minerals are a provincial issue. International stakeholders often struggle to identify the right contact point due to our six policies, eight acts and 36 rules of rules,” he added.
Efforts are being made to implement a unified framework, which some provinces have approved at the cabinet level, while others have approved the legislation. The framework, based on the best global practices of countries such as Indonesia and Australia, was written with the help of White & Case and reviewed by Wood Mackenzie.
“We are also auctioning close blocks and revitalizing the geological study of Pakistan. The tender is underway to promote exploration, and we are looking for associations with international companies,” said the minister. The 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 pointed out that the approach is now “beyond Reko Diq”, with new discovery ads and expected agreements.
