Pakistan eyes investments from Saudi Arabia, China, US as minerals summit kicks off

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Updated 08 April 2025
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Pakistan eyes investments from Saudi Arabia, China, US as minerals summit kicks off

  • Ministers, heads of private mining companies from various countries expected to attend two-day forum in Islamabad
  • Pakistan’s deputy premier calls for collaboration between governments, industry leaders and investors at conference

ISLAMABAD: Pakistan is hosting ministers and officials of private mining companies from Saudi Arabia, China, the United States and a host of other countries for a two-day minerals summit in the capital today, Tuesday, as it eyes international investment in its natural reserves estimated to be worth $6 trillion. 

Grappling with a prolonged macroeconomic crisis, Pakistan hopes to tap into its vast reserves of minerals and natural resources to turn its fortunes around. The country is home to one of the world’s largest porphyry copper-gold mineral zones, while the Reko Diq mine in southwestern Balochistan 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. 

The Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production (E&P) company, in collaboration with the government of Pakistan and strategic partners are organizing the summit. Petroleum Minister Ali Pervaiz Malik said this week that the government expects around 2,000 people to attend the Pakistan Minerals Investment Forum from Apr. 8-9 in Islamabad, which would include a “significant” number of foreign dignitaries. He said officials from China, Azerbaijan, Saudi Arabia, China and the US are expected to attend the summit. 

“To truly unlock the potential of this [mining and minerals] sector, we need more than just capital,” Pakistan’s Deputy Prime Minister Ishaq Dar said at the summit. “We need a shared commitment to collaborate. Cooperation among governments, industry leaders, investors and local communities is very essential.”

The deputy premier said investment in Pakistan’s mineral sector not only represents financial opportunity but a vital step toward securing a sustainable and “technologically advanced future” for the coming generations.

“The Pakistan Mineral Investment Forum 2025 provides a unique platform for stakeholders, friendly countries and partners to converge, explore new prospects and build mutually beneficial partnerships,” Dar added. 

Dar called on attendees “to invest with purpose, with foresight and with the collective well-being” of the people of Pakistan and its partners and investors in mind. 

Pakistan is expected to unveil its newly developed, investor-friendly National Minerals Harmonization Framework 2025, which aims to attract investment in the country’s mineral sector, at the forum. 

Malik said on Monday that the summit would also feature key agreements and memoranda of understanding (MoUs) signed between Pakistan and other countries. 

“It is the prime minister’s wish that we do not restrict this event to just words, so we will confirm some MoUs in front of you,” the minister said. “Along with this, not just MoUs but a few agreements will also be executed after which we will take these matters toward implementation.”

Pakistan has designated mining and minerals as a priority sector for national economic development, aiming to reduce its reliance on imports and enhance exports. The country is undertaking efforts to utilize its natural resources through foreign investment and collaboration to stabilize its $350 billion economy, which has suffered a prolonged economic crisis over the past few years. 

Islamabad has aggressively pursued trade and investment with its regional allies, Central Asian states and Gulf countries in recent months to ward off a macroeconomic crisis that has drained its reserves, weakened its currency and triggered a balance of payment crisis. 

Pakistan formed the Special Investment Facilitation Council (SIFC), a hybrid civil-military government body, in 2023 to attract international investment in its key priority sectors, mining and minerals among them. 


Pakistan police say four militants killed in operation in Punjab’s Dera Ghazi Khan

Updated 01 June 2025
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Pakistan police say four militants killed in operation in Punjab’s Dera Ghazi Khan

  • The operation in DG Khan was launched on intelligence reports about militant movement near the Punjab-Khyber Pakhtunkhwa border
  • Pakistan is currently battling twin insurgencies in Khyber Pakhtunkhwa and Balochistan, which Punjab’s DG Khan district borders

ISLAMABAD: Police killed four militants in a successful operation in Dera Ghazi Khan district of Pakistan’s eastern Punjab province, Pakistani state media reported on Sunday.

The Dera Ghazi Khan, or DG Khan, district borders the southwestern Balochistan and northwestern Khyber Pakhtunkhwa (KP) where Pakistan has been battling twin insurgencies.

The operation was conducted in DG Khan’s Kot Mubarak area and the law enforcers recovered a sizeable cache of heavy weapons and ammunition from the site of the encounter.

“The swift and effective action of the police teams thwarted the terrorists’ nefarious plans,” the state-run Radio Pakistan broadcaster reported, citing officials.

“Inspector General of Punjab Police Dr. Usman Anwar commended the efforts of the Dera Ghazi Khan Police and said the Punjab police stand as a strong barrier against anti-state elements.”

Pakistan is currently battling twin insurgencies: one led by religiously motivated groups, including the Tehreek-e-Taliban Pakistan (TTP), mainly in its Khyber Pakhtunkhwa (KP) province and the other by ethno-nationalist Baloch separatist groups in Balochistan.

Militants often seek refuge in border areas of neighboring provinces amid intensifying counter-insurgency operations in KP and Balochistan.

The operation in DG Khan was launched on intelligence reports about militant movement near the Punjab-Khyber Pakhtunkhwa border, the APP news agency reported, citing a police spokesman.

“Some suspects fled using cover from bushes and mounds,” it said. “A search-and-sweep operation is ongoing to track them down.”
 


Pakistan Navy conducts exercise to counter sub-conventional, asymmetric threats to major ports

Updated 01 June 2025
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Pakistan Navy conducts exercise to counter sub-conventional, asymmetric threats to major ports

  • The exercise comes weeks after Pakistani and India air and ground forces engaged in a four-day military conflict that killed 70 people
  • Reports suggests an Indian aircraft carrier maneuvered toward Karachi, but Pakistan Navy kept it confined to Indian territorial waters

ISLAMABAD: Pakistan Navy has conducted a comprehensive two-day exercise to counter sub-conventional and asymmetric threats to all major ports and harbors, its Directorate General of Public Relations (DGPR) said on Sunday, weeks after a four-day standoff with India.

While air forces and armies of both countries traded jet, drone, missile and artillery strikes last month, the two navies did not reportedly engage each other during the four-day standoff.

Media reports, however, suggested that Indian aircraft carrier Vikrant had maneuvered toward the southern Pakistani port city of Karachi, but Pakistan Navy kept it confined to the Indian territorial waters.

The DGPR said on Sunday the naval exercise was aimed at validating and refining Tactics, Techniques and Procedures (TTPs) to ensure robust defense of critical maritime infrastructure against “evolving” asymmetrical threats.

“The exercise involved coordinated operations by PN (Pakistan Navy) Fleet units, Pakistan Marines, SSG (Special Services Group of Navy) and Naval Aviation assets,” it said in a statement.

“The exercise’s scenarios were designed to simulate a range of sub-conventional threats including sabotage, infiltration and unconventional attacks, enabling participating units to enhance inter-agency coordination, situational awareness and rapid response capabilities.”

During the exercise, Pakistan Coast Commander Rear Admiral Faisal Amin visited various operational setups at ports and harbors and witnessed live action simulations carried out by participating units.

“COMCOAST appreciated high level of preparedness and professional conduct demonstrated during the exercises,” the DGPR said.

“He emphasized the importance of maritime installations and added that secure functioning of ports and harbors is directly linked to national economic stability and growth.”


Haris hits maiden hundred as Pakistan whitewash Bangladesh

Updated 01 June 2025
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Haris hits maiden hundred as Pakistan whitewash Bangladesh

  • Haris, playing in his 17th T20I, carted seven sixes and eight boundaries in his 107 off just 46 balls
  • Pakistan chased down 197 runs in 17.2 overs for their first home T20I series win in over three years

LAHORE: Mohammad Haris hit a swashbuckling maiden international century to guide Pakistan to a 3-0 clean sweep of Bangladesh with a seven-wicket win in the third and final Twenty20 international in Lahore on Sunday.

Haris, playing in his 17th T20I, carted seven sixes and eight boundaries in his 107 off just 46 balls as Pakistan chased down a challenging 197-run target in 17.2 overs for their first home T20I series win in three-and-a-half years.

Pakistan won the first two matches by 37 and 57 runs at the same venue.

Bangladesh’s Litton Das (right) with teammates walk off the field on the end of the third Twenty20 cricket match between Pakistan and Bangladesh, in Lahore, Pakistan, on June 1, 2025. (AP)

Parvez Hossain smashed four sixes and seven boundaries in his solid 34-ball 66 to lift Bangladesh to 196-6 in their 20 overs.

Pakistan lost Sahibzada Farhan for one in the first over but Haris, whose hundred came up off 45 balls, added 92 for the second wicket with Saim Ayub and an unbroken 60 for the fourth with Salman Agha who made 15 not out.

Ayub hit four sixes and two boundaries in his 29-ball 45 while Hasan Nawaz scored 13-ball 26 as the home batters enthralled a near-capacity 30,000 crowd at Gaddafi Stadium.

Bangladesh’s Litton Das (right) with teammates walk off the field on the end of the third Twenty20 cricket match between Pakistan and Bangladesh, in Lahore, Pakistan, on June 1, 2025. (AP)

Earlier, Parvez shared a 110-run opening stand with Tanzid Hasan (32-ball 42 with three sixes and as many boundaries) after the tourists were sent in to bat.

The Parvez-Tanzid stand gave Bangladesh an ideal start for their highest T20I total against Pakistan beating the 175-6 they made against them at Pallekele in 2012.

Bangladesh’s Tanzid Hasan Tamim (right) plays a shot as Pakistan’s Mohammad Haris watches during the third Twenty20 cricket match between Pakistan and Bangladesh, in Lahore, Pakistan, on June 1, 2025. (AP)

Towhid Hridoy, who scored 25 from 18 balls with a six and two boundaries, then added 49 for the third wicket with Litton Das who made 22.

Fast bowlers Abbas Afridi (2-26) and Hasan Ali (2-38) were the pick of the home bowlers.


Pakistan reaffirms commitment to macroeconomic stability as Ipsos survey shows rising consumer trust

Updated 01 June 2025
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Pakistan reaffirms commitment to macroeconomic stability as Ipsos survey shows rising consumer trust

  • The latest Ipsos survey revealed that 42% Pakistanis now believe the country is heading in the right direction
  • The development comes amid stabilization of key indicators, including inflation, exchange rate and forex reserves

KARACHI: Pakistan on Sunday reaffirmed its commitment to macroeconomic stability after Ipsos, a Paris-based global market research and consultation firm, said consumer confidence grew in the South Asian country in the second quarter of this year.

The Ipsos survey revealed a significant surge in consumer confidence, with 42% of Pakistanis now believing the country is heading in the right direction — the highest level recorded in six years.

Perceptions of the economy being strong reached their most favorable levels since August 2019, and optimism overtook pessimism that marked a key psychological shift among the population, according to the survey.

Pakistan’s Finance Minister Muhammad Aurangzeb said the “encouraging” data reflected the success of his government’s disciplined and targeted macroeconomic strategy implemented over the last 14 months.

“He highlighted that consumer confidence in making major purchases and investments has doubled compared to the same period last year, indicating that households are beginning to feel more secure in their financial prospects. Similarly, confidence in job security is now at its highest since 2019, a sign that

labor market conditions are gradually stabilizing in response to pro-growth policies and reforms,” the finance ministry said.

“Senator Aurangzeb reaffirmed that the government remains committed to maintaining macroeconomic stability, accelerating structural reforms, and ensuring that economic growth translates into real and inclusive progress for all citizens.”

The development comes amid stabilization of key economic indicators, including inflation, exchange rate, foreign exchange reserves and fiscal discipline, that has led a renewed public trust in Pakistan, which is currently on path to economic recovery under a $7 billion International Monetary Fund (IMF) program secured in Sept. last year.

Aurangzeb pointed out that this upswing in consumer confidence spans across urban and rural areas, and is particularly evident among youth and women, demonstrating the broad-based nature of the economic turnaround.

He linked this optimism to sustained government efforts to create an enabling environment to enhance private sector growth, exports, social protection and financial inclusion.

“The findings of the IPSOS survey are a timely validation of Pakistan’s economic direction and a clear signal that the country is on a steady path toward recovery and resilience,” the minister said.


India arrests 81 for ‘sympathizing’ with Pakistan

Updated 01 June 2025
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India arrests 81 for ‘sympathizing’ with Pakistan

  • There has been a clampdown on social media since an April 22 attack on tourists in Indian-administered Kashmir
  • New Delhi blamed Pakistan for backing the militants it said carried out the attack, Islamabad denies the allegation

GUWAHATI: Indian police have arrested scores of people for “sympathizing” with Pakistan, a month after the worst conflict between the arch-rivals for decades, a top government official said Sunday.

The arrests took place in the northeastern state of Assam, where Chief Minister Himanta Biswa Sarma said “81 anti-nationals are now behind bars for sympathizing with Pak.”

Sarma, from Prime Minister Narendra Modi’s Hindu nationalist ruling party, said in a statement “our systems are constantly tracking anti-national posts on social media and taking actions.”

One of the persons was arrested after he posted a Pakistani flag on his Instagram, Assam police told AFP.

No further details about other arrests were given.

There has been a wider clampdown on social media since an April 22 attack on tourists in Indian-administered Kashmir, the deadliest on civilians in the contested Muslim-majority territory in decades.

New Delhi blamed Islamabad for backing the militants it said carried out the attack, charges that Pakistan denied.

India and Pakistan then fought a four-day conflict, their worst standoff since 1999, before a ceasefire was agreed on May 10.

India’s counter-terrorism agency last month arrested a paramilitary police officer for allegedly spying for Pakistan, while authorities have arrested at least 10 other people on espionage charges in May, according to local media.

Sarma is also pushing efforts to stem the contentious issue of illegal immigration.

Assam shares a long and porous border with neighboring Muslim-majority Bangladesh.

Indian media have reported that Assam’s government has allegedly rounded up dozens of alleged Bangladeshis in the past month and taken them to the frontier to cross.

The Times of India newspaper on Saturday reported that Assam was “dumping them in no-man’s land,” suggesting that at least 49 had been pushed back between May 27-29 alone.

The Assam government has not commented on the reports.

Bangladesh, largely encircled by land by India, has seen relations with New Delhi turn icy, after the Dhaka government was toppled in an uprising last year.

Bangladesh has also moved closer to China, as well as to Pakistan.