The business community should come forward to invest in the minerals and mines sector to tap the potentials the industry offers to them as Pakistan has billions of dollars reserves which are, unfortunately, still untapped.
Pakistan Gems and Jewelry Development Company (PGJDC) Chairman Shahid Qureshi expressed these views while addressing a group of businessmen on special awareness session about Investment & Export Opportunities in Minerals and Mines sectors under the auspices of Ministry of Industries & Production at the Multan Chamber of Commerce & Industry (MCCI), here on Thursday. The Special Investment Facilitation Council (SIFC) had identified key export sectors, including Information Technology, Agriculture, and Minerals, to boost Pakistan’s economy. It was highlighted that Gilgit-Baltistan (GB) is home to some of the world’s finest rubies, while Dera Ghazi Khan is rich in iron and gypsum, presenting significant opportunities for mining and resource development.
The Council streamlined the process for businesses by offering one-window facilitation, making it easier for entrepreneurs to engage with the government. According to the Chairman, these initiatives will help industries move forward with greater ease and efficiency.
Prime Minister Shehbaz Sharif recently approved the establishment of a Gem and Jewellery City in Islamabad under the Special Technology Zones (STZ) Authority.
The project aims to boost the gem and jewellery sector, providing a platform for growth and innovation.
Additionally, the chairman disclosed that the Kingdom of Saudi Arabia was showing interest in Pakistan’s mining and petroleum sectors.
A contract has been signed between the two countries to collaborate on these industries under a Public-Private Partnership (PPP) model.—APP
