Urgent.News

What's breaking now, across thousands of outlets.

Business

Global mining cos urged to invest in mineral facilities

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday urged international mining companies to invest in mineral processing, refining and manufacturing facilities in Pakistan, calling for an integrated industrial base to ensure the country derives greater economic benefit from its natural resources. Addressing the Pakistan Minerals Investment Forum 2026, the prime minister asked investors to adopt a…

Global mining cos urged to invest in mineral facilities

Prime Minister Shehbaz Sharif implored global mining corporations to invest in Pakistan's mineral processing, refining, and manufacturing industries during the Pakistan Minerals Investment Forum 2026. He implored investors to prioritize mining, processing, and manufacturing operations in Pakistan before exporting finished goods to global markets.

Sharif emphasized that projects such as RekoDiq in Balochistan should serve as the foundation for downstream industries like refineries, smelters, and cable/conductor factories. These investments would generate employment, strengthen local supply chains, and broaden the country's manufacturing capacity. He acknowledged foreign investors' concerns regarding security challenges, infrastructure deficiencies, and bureaucratic delays, promising to simplify procedures, eliminate red tape, and expedite investment approvals.

Sharif assured investors of the government's commitment to protecting company personnel, assets, and supply routes, emphasizing the joint responsibility of federal and provincial authorities in safeguarding investments. He stressed the importance of reliable infrastructure, adhering to international environmental standards, and protecting water resources and worker safety.

Sharif urged mining companies to engage with local communities by establishing vocational training centers, transferring technology, developing local suppliers, and contributing to education, healthcare, and clean drinking water access.

Written by urgent.news from Business Recorder's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at brecorder.com →

More in Business

More from Saturday 14 November →