{"id":104182,"date":"2025-12-11T14:55:42","date_gmt":"2025-12-11T09:55:42","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=104182"},"modified":"2025-12-11T14:55:46","modified_gmt":"2025-12-11T09:55:46","slug":"sifc-for-industrial-recognition-of-mining-sector","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/sifc-for-industrial-recognition-of-mining-sector.html","title":{"rendered":"Mining sector in focus: SIFC pushes for industrial recognition"},"content":{"rendered":"\n<p>Islamabad: The Special Investment Facilitation Council (SIFC) has directed the Petroleum Division to submit a summary to the Economic Coordination Committee (ECC) recommending that Pakistan\u2019s mining sector be formally recognized as an industry, well-informed sources told Business Recorder.<\/p>\n\n\n\n<p>At a recent SIFC meeting, participants emphasized the sector\u2019s critical role in national economic development. Despite Pakistan\u2019s abundant mineral resources, mining has historically remained underdeveloped, contributing only about one percent to the country\u2019s GDP. Experts at the meeting highlighted that granting industrial status could unlock significant economic, social, and administrative benefits, including increased investor confidence, better access to financing, and enhanced infrastructure development in mining regions.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/pak-turkiye-sign-mou-on-oil-gas-mining-projects.html\" target=\"_blank\" rel=\"noreferrer noopener\">Pak, Turkiye sign USD 300 mn MoU on oil, gas, mining projects<\/a><\/p>\n\n\n\n<p>The Petroleum Division has reportedly received input from all relevant stakeholders, including the Power Division, and will now move forward with the Cabinet submission. The federal government\u2019s facilitative role would complement provincial regulations, as mineral exploration and production\u2014excluding mineral oil, natural gas, and nuclear substances\u2014fall under provincial jurisdiction.<\/p>\n\n\n\n<p>Currently, more than 5,000 mines operate across the public and private sectors, employing over 300,000 people. However, only a few large-scale projects exist, and most mining activity remains small-scale. If effectively developed, Pakistan\u2019s mineral resources could contribute up to five percent of GDP, officials and industry representatives noted.<\/p>\n\n\n\n<p>The All Pakistan Mines &amp; Minerals Association has long urged the government to grant industrial status to mining, citing benefits such as easier access to bank financing, tariff concessions on machinery imports, and structured support for environmental protection, rehabilitation, and skill development.<\/p>\n\n\n\n<p>The SIFC\u2019s recommendation aligns with broader federal efforts to optimize the development and utilization of mineral resources, and the Petroleum Division is processing the matter under its mandate in accordance with the Rules of Business, 1973.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Special Investment Facilitation Council (SIFC) has directed the Petroleum Division to submit a summary to the Economic Coordination Committee (ECC) recommending that Pakistan\u2019s mining sector be formally recognized as an industry, well-informed sources told Business Recorder. At a recent SIFC meeting, participants emphasized the sector\u2019s critical role in national economic development. Despite Pakistan\u2019s abundant mineral resources, mining has historically remained underdeveloped, contributing only about one percent to the country\u2019s GDP. Experts at the meeting highlighted that granting industrial status could unlock significant economic, social, and administrative benefits, including increased investor confidence, better access to financing, and enhanced infrastructure development in mining regions. Read: Pak, Turkiye sign USD 300 mn MoU on oil, gas, mining projects The Petroleum Division has reportedly received input from all relevant stakeholders, including the Power Division, and will now move forward with the Cabinet submission. The federal government\u2019s facilitative role would complement provincial regulations, as mineral exploration and production\u2014excluding mineral oil, natural gas, and nuclear substances\u2014fall under provincial jurisdiction. Currently, more than 5,000 mines operate across the public and private sectors, employing over 300,000 people. However, only a few large-scale projects exist, and most mining activity remains small-scale. If effectively developed, Pakistan\u2019s mineral resources&hellip;<\/p>\n","protected":false},"author":18,"featured_media":100445,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[69826,13866,20718,62150,69825,47122,3619,60808,14796,13946,61950,34475,40633,69580,60375],"persona":[],"class_list":{"0":"post-104182","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-all-pakistan-mines-minerals-association","9":"tag-ecc","10":"tag-economic-development","11":"tag-gdp-growth","12":"tag-industrial-status","13":"tag-infrastructure-development","14":"tag-investment-opportunities","15":"tag-investor-confidence","16":"tag-mineral-resources","17":"tag-mines-and-minerals","18":"tag-mining-sector","19":"tag-pakistan-economy","20":"tag-petroleum-division","21":"tag-provincial-regulations","22":"tag-sifc","23":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SIFC for industrial recognition of mining sector - Zameen News<\/title>\n<meta name=\"description\" content=\"The All Pakistan Mines &amp; 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