At Pakistan Minerals Investment Forum, PM says will not allow raw materials to be shipped out of country
\n Islamabad
\nIn a major initiative for economic development, Prime Minister Shehbaz Sharif on Tuesday invited local and foreign investors to invest in Pakistan\u2019s abundant natural resources, valued at trillions of dollars.
\nAddressing the two-day Pakistan Minerals Investment Forum 2025 (PMIF25) in Islamabad, he expressed confidence that harnessing these great assets would help Pakistan get rid of loans.
\nHighlighting the potential of mineral resources in different areas of the country, the prime minister emphatically said that Pakistan will not allow raw materials to be shipped out of the country.
\nHe emphasised the importance of exporting finished and semi-finished products, saying it would be a win-win situation. He said any agreement should also entail that technology will be transferred to Pakistan over a period of time.
\nHe said entrepreneurs would also be welcome to establish joint partnerships for training the youth in modern skills by setting up vocational training centres.
\nThe prime minister emphasised that the federal and provincial governments, along with other institutions, would work together to transform Pakistan into one of the leading countries in the world.
\nThe two-day PMIF25 is taking place in the federal capital with an estimated 2,000 people in attendance, in an effort to exhibit the nation\u2019s enormous mineral potential.
\nDuring the event from April 8 to 9, the government would present Pakistan\u2019s mineral-rich terrain, which covers around 600,000 square kilometres.
\nThe attendees include 300 representatives from overseas. Representatives of Azerbaijan, Saudi Arabia, China, the US State Department, the US Exim Bank, the Asian Development Bank (ADB), and CEOs of mining companies from Denmark, Kenya, Finland, and the UK are among the participants.
\nIt is expected that a number of agreements and memorandums of understanding (MoUs) will be inked at the forum.
\nDespite its vast potential, the mineral sector currently contributes only 3.2% to Pakistan\u2019s GDP, with exports accounting for a mere 0.1% of the global total.
\nHowever, with increased exploration, foreign investment and infrastructural development, the industry is poised for significant growth.
\nA key highlight of the forum will be the official launch of the National Minerals Harmonisation Framework 2025 by the federal government, aimed at attracting investment in the mineral sector.
\nThe United States would be represented by Eric Meyer, Senior Bureau Official for the Bureau of South and Central Asian Affairs, to advance US interests in the mineral sector.<\/p>\n","protected":false},"excerpt":{"rendered":"
At Pakistan Minerals Investment Forum, PM says will not allow raw materials to be shipped out of country Islamabad In a major initiative for economic development, Prime Minister Shehbaz Sharif on Tuesday invited local and foreign investors to invest in Pakistan\u2019s abundant natural resources, valued at trillions of dollars. Addressing the two-day Pakistan Minerals Investment […]<\/p>\n","protected":false},"author":2,"featured_media":471271,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-471249","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-top-news"},"yoast_head":"\n