Islamabad: Minister for Planning, Development, and Special Initiatives Asad Umar on Thursday announced his decision to invite people to invest in Pakistan’s mineral resources and help utilise them in the optimal manner, according to a news source.
He made this announcement during a meeting he chaired to review the performance of the Pakistan Mineral Development Corporation (PMDC). During the session, he received a briefing about the mineral sector, the relevant roles played by the public and private sectors in its development, and any obstacles holding back the progress made in relation to this sector. In addition, he was also informed that the PMDC had been recently revamped, with a new board and management.
Umar emphasised the need to accelerate the exploration and development of indigenous mineral resources, particularly value addition, large-scale mining, and the promotion of downstream industries.
He added that exploring these resources, and promoting this sector to investors will help boost the government’s efforts in having the mineral sector contribute to the country’s Gross Domestic Product (GDP).