Staff Reporter
Islamabad
Federal Minister for Planning, Development and Special Initiatives, Asad Umar has emphasized the need for coordinated efforts for accelerated exploration and development of indigenous mineral resources.
He was chairing a meeting to review the work of Pakistan Mineral Development Corporation and other allied matters in Islamabad on Thursday.
The Minister said that a uniform policy and regulatory framework across the country would be beneficial for attracting investment in the sector.
He said that while minerals are a Provincial subject, the Federal government can help and support the development of the sector, by aligning its various policies towards that objective.
He said both public and private sector should come forward for optimum exploitation of indigenous mineral resources.
Meanwhile, the Board of Directors of Public Private Partnership Authority (PPPA) approved on Thursday the transaction structure for the project of Sukkur-Hyderabad motorway (M6) based upon the recommended option in the feasibility. In its meeting chaired by Minister for Planning, Development and Special Initiatives Asad Umar, the board considered the transaction structures of Public Private Partnership Projects of Sukkur-Hyderabad Motorway and NUST Teaching and Research Hospital.
The project is an NHA project, which is proposed to be built on Build Operate Transfer (BOT) basis. The Motorway project is estimated to cost Rs 204.28 billion, and would take around 33 months to complete. The NHA team gave a detailed briefing on the proposed transaction structure for the project which had been designed in consultation with the PPP Authority.
