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New milestones being achieved in mining sector under SIFC: PM

by Web Desk
February 21, 2024
in Business
Reading Time: 2 mins read
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New milestones being achieved in mining sector under SIFC: PM
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Caretaker Prime Minister Anwaar-ul-Haq Kakar emphasized the significant strides being made in the mining sector under the Special Investment Facilitation Council during a meeting with a delegation from Miracle Saltworks Collective Incorporation, a US-based salt mining and processing company. The meeting took place in Islamabad.

During the discussion, the Prime Minister expressed confidence that the agreement between Pakistan Mineral Development Corporation and Miracle Saltworks Collective Incorporation would not only boost the export of Pakistani salt but also enhance trade ties between Pakistan and the United States. He highlighted the substantial reserves in Pakistan’s mining sector and underscored the joint venture as a testament to the favorable investment environment in the country.

Anwaar-ul-Haq Kakar pointed out that the caretaker government had taken measures to increase Foreign Direct Investment, yielding positive results. He anticipated that this collaboration with a US company would further contribute to economic growth.

The delegation from Miracle Saltworks Collective Incorporation expressed gratitude to the Pakistani government, particularly the Special Investment Facilitation Council, for their cooperation. They informed the Prime Minister that establishing the company in Pakistan would lead to its listing on major stock exchanges globally, benefiting the government and local investors.

Furthermore, the US-based delegation shared their plans for the socio-economic upliftment of local communities near the salt mines. These initiatives include providing education, healthcare, and job opportunities for the local residents.

Tags: mining sectorPM
Web Desk

Web Desk

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