The mining sector has the potential to reshape the economy as it can bring investment worth $50 billion to the country by offering incentive to the potential investors.
According to the sources, Afghanistan was getting around $30 billion through mining sector as compared Pakistan can get $40 to $50 billion investment by offering incentives to investors.
Most of the potential of mining sector in the country has remained untapped so far due to lack of capital and expertise and now government is making serous efforts to promote and bring investment by removing the barriers that discourage investment.
“During current financial year 2012-2013, an area of about 3900 square-kilometers is planned to be mapped in different parts of the country,” sources said, adding that around 300 samples would be collected and analyzed.
The projects of upgradation and strengthening of geosciences advance research
laboratories, accelerated geological mapping ,geo-chemical exploration of the
areas unfit for agriculture and the project of review and updating of mineral policy would be carried out during current fiscal year.
It is relevant to mention that the mining industry of Pakistan holds great potential because of the vast unexplored resources in the country.
Mining has provided the manufacturing and energy needs of the country in the past years and has contributed to the enrichment of the world through industrial
development. Minerals are valuable natural resources and constitute the vital
raw materials for many basic industries and are a major resource for development.
Hearing this statement for the last 5 years.
Comments are closed.