Pakistan achieved new milestones in mining sector under SIFC

Pakistan achieved new milestones in the mining sector under the auspices of the Special Investment Facilitation Council.

This was stated by the Caretaker Prime Minister of Pakistan Anwaar-ul-Haq Kakar while talking to a delegation of Miracle Saltworks Collective Incorporation, a US-based salt mining and processing company, which called on him in Islamabad today (Wednesday, February 21).

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PM Anwaar-ul-Haq Kakar expressed confidence that the signing of the agreement between Pakistan Mineral Development Corporation and US-based Miracle Saltworks Collective Incorporation will not only surge the export of Pakistani salt, but it will also strengthen trade ties between Pakistan and the United States. He said Pakistan has billions of dollars in reserves in the mining sector and the joint venture with the US company reflects the prevailing conducive investment environment in Pakistan. He added that the caretaker government during its tenure took various steps to increase Foreign Direct Investment in the country, which yielded positive results.

The Pakistani government, in particular the Special Investment Facilitation Council, was commended for its help by the Miracle Saltworks Collective Incorporation delegation. The team informed the Prime Minister that this firm would be listed on major international stock exchanges upon its establishment in Pakistan, thereby benefiting both local investors and the Pakistani government.

The prime minister was also briefed by the delegation of the US-based Miracle Saltworks Collective Incorporation about their proposal to improve the socioeconomic standing of the locals who live close to salt mines and to provide them with employment, healthcare, and educational possibilities.