ISLAMABAD: Pakistan’s Finance Minister Muhammad Aurangzeb said on Saturday that the country’s minerals sector would prove to be the “real game changer” for the national economy in the years to come, reiterating the government’s ambitions to ensure export-led growth.

His comments came following the Pakistan Minerals Investment Forum 2025 hosted by the government in Islamabad in collaboration with its partners from Apr. 8-9. The summit was aimed at attracting foreign investment in the country’s mining sector and saw participation from major international companies including Canada-based Barrick Gold and government officials from the United States, Saudi Arabia, China, Turkiye, the United Kingdom, Azerbaijan and others.

Pakistan is home to one of the world’s largest porphyry copper-gold mineral zones, while the Reko Diq mine in southwestern Balochistan province has an estimated 5.9 billion tons of ore. Barrick Gold, which owns a 50 percent stake in the Reko Diq mines, considers them one of the world’s largest underdeveloped copper-gold areas, and their development is expected to have a significant impact on Pakistan’s struggling economy.

But despite rich reserves of salt, copper, gold and coal, Pakistan’s mineral sector contributes only 3.2 percent to GDP and 0.1 percent to global exports. The country is now aiming to tap into this underutilized potential.

“So, 2028 onwards when we talk about whether we have an exportable surplus or not, from traditional sectors textile is going to remain absolutely critical for us as we go forward,” Aurangzeb said while speaking to members of the Lahore Chamber of Commerce. 

“IT services [also] as we go forward and minerals, as we go forward,” he added. “This [minerals sector] is going to be the game changer, the real game changer.”

Aurangzeb said the minerals summit hosted by Pakistan was reflective of the country’s economy heading in the right direction. 

He said around 300-400 delegates from several countries attended the conference with a keen interest in investing in Pakistan’s minerals. 

“These are all manifestations that we have to take this forward,” the minister said. 

Reiterating the government’s resolve to ensure export-led growth in the economy, Aurangzeb called upon all economic sectors to export their products to earn Pakistan valuable foreign exchange. 

“Every single sector has to export,” he said. “No one has taken the responsibility that only textile has to export or any other has to.”

The finance minister noted that Pakistan’s auto manufacturers have started exporting their products, saying there were markets for Pakistani exporters in the Gulf Cooperation Council (GCC) and African countries.

KARACHI: The Counterterrorism Department (CTD) in Pakistan’s southern Sindh province said on Saturday it had arrested a key member of the Iran-backed Zainebiyoun Brigade outfit in Karachi, accusing him of being involved in sectarian attacks in the city. 

Pakistani authorities have arrested several militants affiliated with the Zainebiyoun Brigade in recent years, notably in the country’s commercial hub of Karachi. The city has been a significant recruitment hub for the militant outfit, along with three other regions – Parachinar, Quetta and Gilgit Baltistan.

Pakistan’s interior ministry designated Zainebiyoun Brigade as a “terrorist” organization in March 2024, saying it had reasons to believe the outfit was engaged in certain activities “prejudicial to the peace and security of the country.”

The CTD said in its press release that Syed Muhammad Musa Rizvi, alias Kamran, was arrested from the city’s Soldier Bazaar area, adding that the accused had been in hiding for fear of being arrested.

“The suspect is an important member of the Zainebiyoun Brigade and has been directly and indirectly involved in various sectarian activities that have been regularly funded by the organization,” the CTD said. 

It said Rizvi had confessed to carrying out a sectarian attack in Karachi’s Taimuria area on Sept. 5, 2023, which had resulted in the killing of a person named Qari Khurram and injuries to two others. 

The CTD said Rizvi also confessed to killing a person named Sher Khan on Sep. 20, 2023, in Karachi’s Mobina Town with his accomplices and another named Jannat Gul on Nov. 26, 2023, in the city’s Sachal area. 

It said that Rizvi confessed that on Nov. 13, 2024, that he played the role of a facilitator in the killing of a person named Syed Abu Hashim in Karachi’s Samanabad area.

It said that the suspect was being investigated for terror financing and other cases based on which he had been arrested. 

“The investigation of the accused is going on and more revelations are expected,” the CTD said. 

In January 2024, Sindh CTD said it had apprehended Syed Muhammad Mehdi, a suspected militant associated with the Zainebiyoun Brigade who had been involved in an assassination attempt on Mufti Taqi Usmani, a top Pakistani cleric, in Karachi in 2019. The attack had killed two of Mufti Usmani’s guards.

In July 2022, then Pakistan interior minister Rana Sanaullah Khan told the Senate that Zainebiyoun Brigade members were among the militants “found actively involved in terrorist activities” in the country in 2019-2021.