Commerce Minister seeks global mining partners for Pakistan
Federal Minister for Commerce Jam Kamal Khan met a Wood Mackenzie delegation in Islamabad on November 12 to discuss international partnerships for Pakistan's mineral sector.
Minister highlights untapped mineral potential
Jam Kamal Khan told the visitors that Pakistan holds vast reserves of copper, antimony, iron ore and gemstones. He stated that developing these resources could significantly boost national exports and attract foreign investment. The minister emphasized creating new industrial growth opportunities through strategic collaboration with major international mining companies.
Proposed joint venture strategies
The official stressed connecting small-scale local miners with global firms via joint ventures and technology transfers. He advocated for investor-friendly policies including competitive taxation and reduced import duties on specialised mining equipment. Jam Kamal Khan also called for better coordination between federal and provincial governments to facilitate these international investors.
Forum preparations and value chain
The delegation discussed investment trends while the minister outlined preparations for the upcoming Pakistan Minerals Investment Forum. He proposed a phased approach to value addition starting with commercially viable mining operations. This strategy aims to pave the way for future investment in copper smelting, refining and downstream manufacturing.
All 2 outlets report consistently
No differences in figures, names or dates across these reports.
- Business Recorder
- Associated Press of Pakistan
Reported by
2 independent outlets. Headlines as published. Links open the original report.