Quetta: The Governmnet of Balochistan has introduced its first-ever mineral policy to attract national and foreign investors, a news source reported. The provincial government has unveiled it as the ‘Balochistan Mines & Mineral Development Policy’.
Balochistan Chief Minister (CM) Jam Kamal Khan revealed the policy during a recent ceremony held in Quetta. A number of provincial ministers, advisors, and other officials concerned also attended the event.
The CM stated that the province would not be able to win the confidence of investors without effective reforms and policies. He added that this is why the provincial government has taken measures to develop the mining sector, since it would greatly improve the provincial economy.
The CM also appreciated the efforts of the Balochistan Mines & Minerals Department. He revealed that the department had already generated revenue beyond its original target. The department generated PKR 2.8 billion against a target of PKR 2.4 billion.
CM Kamal said that he was positive that the new policy would make a difference and bring in more foreign financing and large-scale projects.
Secretary Mines Zahid Saleem also briefed the CM during a meeting held earlier. He stated that they had carefully reviewed each element of the new policy to ensure a 10% increase in the department’s revenue.