{"id":104769,"date":"2026-02-09T07:00:00","date_gmt":"2026-02-09T02:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=104769"},"modified":"2026-02-06T15:45:48","modified_gmt":"2026-02-06T10:45:48","slug":"usd-20-mn-investment-in-gbs-gold-mining-sector","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/usd-20-mn-investment-in-gbs-gold-mining-sector.html","title":{"rendered":"Kazakh firm plans USD 20 mn investment in GB gold mining"},"content":{"rendered":"\n<p>Islamabad: Kazakhstan\u2019s Elaman Group has completed preliminary studies in Gilgit-Baltistan and identified strong potential for placer gold exploration, announcing its intention to make an initial investment of USD 20 million, with additional funding planned in subsequent phases.<\/p>\n\n\n\n<p>The commitment was conveyed by an Elaman Group delegation during a meeting with Pakistan\u2019s Minister for the Board of Investment (BOI), Qaiser Ahmed Sheikh, in Islamabad on Thursday. Discussions focused on investment opportunities in Pakistan\u2019s mining sector, particularly placer gold mining in Gilgit-Baltistan.<\/p>\n\n\n\n<p>The delegation, led by Azamat Utegenov, founder and managing partner of the Elaman Group, included senior officials responsible for strategic development, production, and geological assessment. During the meeting, they highlighted the group\u2019s experience, priority areas of activity, and prospects for expanding investment cooperation, including potential joint projects in Pakistan.<\/p>\n\n\n\n<p>According to a press release, the engagement marks a key step toward implementing agreements reached at the highest level, opening new avenues for private-sector collaboration and contributing to economic growth and stronger bilateral ties.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/tunnel-linking-kaghan-and-naran-to-babusar-top.html\" target=\"_blank\" rel=\"noreferrer noopener\">China to link Naran with GB via Babusar Top Tunnel<\/a><\/p>\n\n\n\n<p>Minister Sheikh emphasized the importance of strengthening economic relations between Pakistan and Kazakhstan, expressing Pakistan\u2019s interest in attracting foreign investment and assuring full support for Kazakh businesses. He highlighted that the BOI would provide facilitation at both federal and provincial levels, including regulatory support, coordination with relevant authorities, and assistance through its single-window operations.<\/p>\n\n\n\n<p>The Elaman Group also indicated plans to introduce modern mining technologies in collaboration with Chinese partners, aiming to ensure efficient, sustainable, and environmentally responsible operations. The company stressed its commitment to corporate social responsibility, focusing on local employment, skills development, and community uplift in project areas.<\/p>\n\n\n\n<p>The discussions also included the finalization of a joint venture with local partners to facilitate smooth project implementation under Pakistan\u2019s legal and regulatory framework.<\/p>\n\n\n\n<p>The meeting took place following intensified intergovernmental engagement between Pakistan and Kazakhstan, with President Kassym-Jomart Tokayev concluding a two-day visit to Pakistan, during which trade, investment partnerships, and economic cooperation were discussed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Kazakhstan\u2019s Elaman Group has completed preliminary studies in Gilgit-Baltistan and identified strong potential for placer gold exploration, announcing its intention to make an initial investment of USD 20 million, with additional funding planned in subsequent phases. The commitment was conveyed by an Elaman Group delegation during a meeting with Pakistan\u2019s Minister for the Board of Investment (BOI), Qaiser Ahmed Sheikh, in Islamabad on Thursday. Discussions focused on investment opportunities in Pakistan\u2019s mining sector, particularly placer gold mining in Gilgit-Baltistan. The delegation, led by Azamat Utegenov, founder and managing partner of the Elaman Group, included senior officials responsible for strategic development, production, and geological assessment. During the meeting, they highlighted the group\u2019s experience, priority areas of activity, and prospects for expanding investment cooperation, including potential joint projects in Pakistan. According to a press release, the engagement marks a key step toward implementing agreements reached at the highest level, opening new avenues for private-sector collaboration and contributing to economic growth and stronger bilateral ties. Read: China to link Naran with GB via Babusar Top Tunnel Minister Sheikh emphasized the importance of strengthening economic relations between Pakistan and Kazakhstan, expressing Pakistan\u2019s interest in attracting foreign investment and assuring full support for Kazakh&hellip;<\/p>\n","protected":false},"author":18,"featured_media":101471,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[71140,60610,71136,61059,71139,4295,13173,61851,64911,71138,71142,61861,71141,62904,69595,62903],"persona":[],"class_list":{"0":"post-104769","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-board-of-investment-pakistan","9":"tag-community-development","10":"tag-during-which-trade","11":"tag-economic-cooperation","12":"tag-elaman-group","13":"tag-foreign-investment","14":"tag-gilgit-baltistan","15":"tag-gold-mining","16":"tag-joint-venture","17":"tag-kazakhstan-investment","18":"tag-mining-technology","19":"tag-pakistan-mining-sector","20":"tag-pakistan-kazakhstan-ties","21":"tag-placer-gold","22":"tag-qaiser-ahmed-sheikh","23":"tag-sustainable-mining","24":"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>USD 20 mn investment in GB&#039;s gold mining sector - Zameen News<\/title>\n<meta name=\"description\" content=\"The Elaman Group also indicated plans to introduce modern mining technologies in collaboration with Chinese partners, aiming to ensure...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/usd-20-mn-investment-in-gbs-gold-mining-sector.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"USD 20 mn investment in GB&#039;s gold mining sector - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The Elaman Group also indicated plans to introduce modern mining technologies in collaboration with Chinese partners, aiming to ensure...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/usd-20-mn-investment-in-gbs-gold-mining-sector.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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