ISLAMABAD
\nPakistan\u2019s Deputy Head of Mission at Pakistan Embassy in Beijing, Bilal Mahmood Chaudhary, emphasized the transformative role of mining cooperation under the China-Pakistan Economic Corridor (CPEC).
\nHe was addressing the 4th Asia Mining Innovation and Development Summi here in Beijing, China Economic Net (CEN) reported on Monday. Chaudhary underscored Pakistan\u2019s vast mineral wealth, including 186 billion tons of coal reserves, over 5 million tons of copper, and 400 tons of gold at the Reko Diq mine, alongside 500 million tons of iron ore.
\n\u201cThese resources position Pakistan as a pivotal player in regional industrial growth, particularly under CPEC 2.0, which prioritizes value addition and downstream processing,\u201d he stated. Highlighting the alignment of China\u2019s advanced mining technologies with Pakistan\u2019s resource base, he noted that CPEC\u2019s upgraded phase aims to foster \u201cmutually beneficial partnerships\u201d in line with the Belt and Road Initiative (BRI).
\nHe also cited flagship projects like the Saindak Copper-Gold Mine, operated by China\u2019s MCC Group, and the Duddar Lead-Zinc Mine in Balochistan, which achieved a peak output of 500,000 tons in 2019 under China Huaye Group.
\nThese ventures, he said, exemplify \u201cwin-win collaboration\u201d through job creation and technology transfer. To streamline investments, Chaudhary outlined Pakistan\u2019s policy reforms, including the National Minerals Harmonization Framework 2025, which offers tax incentives and expedited licensing under the Special Investment Facilitation Council (SIFC).
\n\u201cOur goal is to transform mineral wealth into industrial growth and human development,\u201d he asserted. Shaikh Muhammad Shariq, Vice President of the National Bank of Pakistan, echoed these sentiments, stressing the financial sector\u2019s commitment to supporting mining ventures. \u201cCPEC-driven projects are unlocking new avenues for sustainable financing, ensuring that infrastructure and energy initiatives align with long-term economic resilience,\u201d he remarked.
\nThe summit concluded with a call for deeper Sino-Pakistani collaboration, building on President Asif Ali Zardari\u2019s February 2025 visit to China, which reaffirmed mining as a strategic priority. As Bilal Chaudhary stated, \u201cOur iron-clad friendship will shine brighter through innovation and shared prosperity.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD Pakistan\u2019s Deputy Head of Mission at Pakistan Embassy in Beijing, Bilal Mahmood Chaudhary, emphasized the transformative role of mining cooperation under the China-Pakistan Economic Corridor (CPEC). He was addressing the 4th Asia Mining Innovation and Development Summi here in Beijing, China Economic Net (CEN) reported on Monday. Chaudhary underscored Pakistan\u2019s vast mineral wealth, including […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-480934","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-top-news"},"yoast_head":"\n