ISLAMABAD: Minister for Petroleum Ali Pervaiz Malik on Sunday said the Pakistan Minerals Investment Forum, beginning Monday, aims to spotlight the country’s mineral wealth and attract global investment through a harmonised policy framework backed by all provinces.
Speaking at a press conference alongside OGDCL Managing Director Ahmed Hayat Lak, the minister said the newly developed framework emphasises sustainable and responsible mining and has been devised through extensive consultations.
He noted that the forum will feature participation from countries including Turkiye, China, Azerbaijan, Saudi Arabia, the US, Denmark, Finland, Kenya, and the UK, with over 300 international delegates expected to attend.
Ali Pervaiz added that multiple agreements and MoUs will be signed during the event, including those related to skill development in the mining sector. The forum will also include technical sessions and an exhibition showcasing technological innovations.
OGDCL MD Ahmed Hayat Lak said the overwhelming response signals Pakistan’s emergence as a serious destination for mineral sector investment. He announced that the forum will become an annual feature going forward.
Providing an update on the Reko Diq project, Lak stated that Phase I is expected to be completed by 2028, followed by Phase II in 2034, which will significantly contribute to national revenues.