Friday, 01 December 2023, 06:12:01 pm
PM Kakar, Jakob Stausholm discuss investment opportunities in Pakistan's mining sector
September 21, 2023

Caretaker Prime Minister Anwaar-ul-Haq says government is committed to sustainable growth through efficiency enhancement, reduced business costs, regulatory improvements, increased productivity, and higher investments.

He said this while receiving CEO of Rio Tinto Group Jakob Stausholm in New York on Thursday. Rio Tinto Group is a global leader in mining and minerals.

The Prime Minister encouraged Rio Tinto Group to consider investing in Pakistan's mineral and mining sector, highlighting the country's vast untapped mineral reserves, valued at over six trillion dollars, which include substantial deposits of gold, copper, and rare earth metals.

Anwaar-ul-Haq Kakar underscored the role of the Special Investment Facilitation Council (SIFC), which acts as a single-window platform, simplifying procedures and fostering an investor-friendly environment.

He emphasized the significance of the mining sector as a priority for FDI, leveraging Pakistan's abundant natural resources, including, copper, gold, lead, zinc and rare earth minerals. He also underscored that the Government of Pakistan's objective is to keep the people of Pakistan's interest foremost while having a win-win cooperation with companies like Rio Tinto.

The Prime Minister extended an invitation to Rio Tinto Group's CEO and their team to visit Pakistan and explore investment opportunities further.

CEO of Rio Tinto Group thanked the Prime Minister for the invitation and assured that his team would liaise with the concerned authorities to explore investment opportunities in Pakistan's mineral and mining sector.