{
  "id": 17948418,
  "title": "Govt Plan to Unlock $8 Trillion Mining Investment Announced",
  "url": "https://urgent.news/2026/11/03/govt-plan-to-unlock-8-trillion-mining-investment-announced",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-11-03T09:48:32.000Z",
  "source": {
    "name": "ProPakistani",
    "slug": "propakistani",
    "url": "https://propakistani.pk/2026/11/03/govt-plan-to-unlock-8-trillion-mining-investment-announced/"
  },
  "original_language": "en",
  "account": "Pakistan's government has revealed plans to unlock $8 trillion worth of mining investment through a new fiscal incentive package as part of the National Mineral Policy 2026. The proposal, modeled by Wood Mackenzie, includes tax reductions, exemptions, and deferred payments to improve the economic viability of mining projects. The package will be unveiled at the Pakistan Minerals Investment Forum in November. However, the Finance Division must still approve the measures. The proposed tax relief includes a 30-year exemption from general sales tax (GST) on imported and locally purchased goods and services during exploration and development, extending until commercial production begins. Withholding tax rates on local goods and services would also be reduced to 4 percent and 8 percent, with payment deferred until mining production starts. Other key proposals include exemptions from import duties on capital goods and project-related equipment and a 1 percent presumptive tax on export proceeds, replacing conventional corporate income tax. The package aims to provide fiscal stability, align mining projects with the oil and gas sector's special regime, and allow exploration losses to be carried forward indefinitely and adjusted against successful mining projects within the same group.",
  "summary": "The government is preparing a fiscal incentive package to attract investment in Pakistan’s copper and gold reserves, estimated at $8 … Read More The post Govt Plan to Unlock $8 Trillion Mining Investment Announced appeared first on ProPakistani .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}