ISLAMABAD, Pakistan: The first-ever Pakistan Minerals Summit 2023 with the theme ‘Dust to Development: Investment Opportunities in Pakistan’ will take place at Serena Hotel in Islamabad on August 01, aiming to unlock Pakistan’s valuable mineral resources, propelling the Country towards rapid development.
The Summit will bring together international investors, mining industry giants, corporate leaders, and government stakeholders to create a roadmap for tapping into the tremendous mineral riches the Country offers today.
Pakistan Minerals Summit https://t.co/y2JnjGz4xS
— Petroleum Division, Ministry of Energy (@Official_PetDiv) July 31, 2023
The Pakistan Minerals Summit 2023 is being jointly hosted by the Ministry of Petroleum and Barrick (Barrick Gold Corporation).
While addressing a News Conference in Islamabad on Monday, the Minister of State for Petroleum Dr. Musadik Malik said that there are three main objectives of launching mineral revolution which is aimed at unveiling a new policy regarding mining and mineral exploration in the Country.
The minister said that under this revolution, we will first initiate mining process and later turn to smelting and at the end we will go towards making value added goods and elements, for which the government will establish small industrial units in Balochistan and an industrial zone in Gwadar.
Dr. Musadik Malik said that Pakistan is blessed with abundance of natural resources and even its mineral shell has worth of US$ 6.1 trillion.
Musadik Malik said that the government has also planned to go from “Red Tape to Red Carpet” to end red-tapism in implementation of the development projects. He said that we will also harmonize the laws pertaining to mine and mineral development and even make new legislation in this connection.
A final look at the esteemed speakers of PAKISTAN MINERALS SUMMIT taking place on August 01, 2023.#PakMineralsSummit is hosted by Govt of Pakistan & jointly hosted by Barrick Gold Corporation, & Ministry of Petroleum.#DustToDevelopment pic.twitter.com/LClcdRPgFQ
— Petroleum Division, Ministry of Energy (@Official_PetDiv) July 31, 2023
The minister of state said that we will ensure highest standards of ensuring health and safety and environment protection along with initiating deregulation of mining process.
The minister said that the government will warmly welcome foreign investment in the mines and mineral sector and give fiscal incentives to the foreign investment companies.
Musadik Malik said that the entire policy regarding mines and mineral will be implemented under one window operation through Special Investment Facilitation Council (SIFC).
Furthermore, he said that the political and military leadership of the Country is committed to bring mineral revolution and provide safety and security to the foreign investors.
