Saudi Arabia has expressed its keen desire to invest in mining sector of Pakistan, which provides vast opportunities of investment.
The desire was expressed by a Saudi Arabian delegation, led by Deputy Minister for Mining, Industries and Minerals Khaled bin Saleh Al-Mudaifer, which called on Prime Minister Shehbaz Sharif in Islamabad.
The Saudi Minister appreciated the pro-investors measures of present government, particularly the establishment of Special Investment Facilitation Council.
Welcoming the delegation, the Prime Minister said Pakistan provides immense investment opportunities to investors, particularly in the mining sector.
He assured the delegation that not only the upcoming interim government but also the next elected government would keep on facilitating the investors.
Meanwhile, in a follow up tweet after the ‘Pakistan Minerals Summit’, in Islamabad, Prime Minister Shehbaz Sharif said the importance of mineral resources in national economies has increased manifold due to rapid developments in renewable energy technologies.
He said the ‘Pakistan Minerals Summit’, brought together ambassadors from friendly countries, mineral sector executives, scientists, industry experts and policy makers to deliberate on the vast untapped potential in minerals and mining sector and make recommendations to attract investment.
The Prime Minister said the summit highlighted the need for setting new target areas, improving exploration strategies and devising new methodologies for extracting minerals.
He said the geological location of Pakistan is known for hosting a variety of mineral resources, ranging from clays, building stones, industrial minerals, coal to metallic minerals and precious gemstones.
He said the huge geological potential, coupled with its internationally competitive policy framework, fiscal and regulatory regimes and low labour cost, has made Pakistan an attractive destination for investors on the world mineral map.
Source: www.radio.gov.pk
