Chairman Pakistan Hitech Hybrid Seed Association(PHHSA) Shahzad Ali Malik Sunday emphasised the urgent need for fully exploiting the vast potential of Africa,a continent holds an estimated 30 percent of the planet’s mineral reserves.
Talking to a delegation of industrialists here today he said Africa possesses an impressive range of minerals particularly those vital to the energy transaction such as nickel,cobalt,graphite,lithium and rare earth elements.He said nearly fourth-fifth of the world’s total supply of platinum,half of its manganese and two thirds of its cobalt come from Africa.He said the continent also boasts 40 percent of the world’s gold reserves and an astounding 90 percent of its chromium.
He said it’s blessed with abundant resources,a rapidly growing market and golden opportunity for Pakistani businesses to expand their horizons and achieve unprecedented growth.He said as we all know,Africa is experiencing a significant economic transformation, with several countries showing remarkable progress in various sectors. The continent’s burgeoning population, combined with increasing urbanization and technological advancements, has created a vibrant market hungry for goods and services that promise perfect environment for Pakistani businesses to introduce their products according to their demand,technologies, and expertise.
