https://arab.news/za6h4
- Government’s National Minerals Harmonization Framework 2025 to be unveiled at summit
- Reko Diq mine is considered one of the world’s largest underdeveloped copper-gold areas
ISLAMABAD: Pakistan will host a minerals summit in April this year, state media reported on Thursday, as the cash-strapped South Asian nation seeks investments in its vast natural reserves estimated to be worth $6 trillion.
Pakistan has enormous reserves of minerals and natural resources, which the government hopes can become a key source of economic development in the future. The country has one of the world’s largest porphyry copper-gold mineral zones. The Reko Diq mine in southwestern Balochistan has an estimated 5.9 billion tons of ore. Barrick Gold, which owns a 50 percent stake in the Reko Diq mines, considers them one of the world’s largest underdeveloped copper-gold areas, and their development is expected to have a significant impact on Pakistan’s struggling economy. The Kalabagh iron ore deposits are the largest known deposits in the country.
Pakistan also has vast, untapped reserves of rare earth elements, industrial minerals, non-metallic resources, and gemstones. Northern regions like Gilgit-Baltistan and Khyber Pakhtunkhwa are believed to harbor lithium reserves as well.
State-run APP news agency said on Thursday the Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production (E&P) company, in collaboration with the government of Pakistan and strategic partners, would organize the Pakistan Minerals Investment Forum 2025 (PMIF25) on April 8-9, 2025, in Islamabad.
“The forum will serve as a premier platform for global stakeholders to explore investment opportunities in Pakistan’s emerging minerals sector and unlock the country’s vast mineral potential,” the media outlet reported.
“During the event, the federal government will formally unveil Pakistan’s newly developed, investor-friendly National Minerals Harmonization Framework 2025 which aims to attract investment in the country’s mineral sector.”
Partners for the event include Barrick, Pakistan Petroleum Limited (PPL), Government Holdings (Private) Limited (GHPL), Pakistan Minerals Private Limited (PMPL), Frontier Works Organization (FWO), Mari Energies, and the Reko Diq Mining Company (RDMC).
PMIF25 will bring together high-level government representatives, foreign and local investors, leading corporations, policymakers, international diplomats, financial organizations, and industry experts to explore opportunities in Pakistan’s mining sector.
“The event will highlight recent policy reforms, large-scale mining potential, and the country’s commitment to sustainable resource development, reinforcing its ambition to become a global mining hub,” APP said, calling the event a “transformative opportunity” for Pakistan’s mining sector that will help foster local and international partnerships and promote responsible mining practices.