Pakistan stands at the cusp of a revolution in its mining sector. The timing of this mineral revolution couldn’t be better. At present of the 92 known minerals identified so far, there are only about 70 being mined in Pakistan. Extensive geological surveys reveal significant mineral deposits in the outcrop covering 60% of the country’s land. Multiple mineralization zones sitting on diverse resources ranging from metals, minerals, gemstones and rare earth elements hold tremendous untapped potential.
The Tethyan Metallogenic Belt make western Pakistan home to one of the world’s most substantial copper-gold deposits. In fact, that is also where the Reko Diq project, sitting on the world’s fifth largest reserves, is located. The global transition towards sustainable and clean energy sources makes copper a vital resource. Technological advancement in Artificial Intelligence also creates exponential demand for copper to power the infrastructure for data centres. This is just the global trend for copper alone.
Cognizant of global developments, the Government of Pakistan has, through the Special Investment Facilitation Council (SIFC), undertaken tangible measures to attract investors. Infrastructure is being revamped, legislation has been streamlined, incentives are in place and policy reviews are underway to maximise benefits to investors. The future of mining in Pakistan has never looked so good!