Islamabad: Minister for Petroleum Ali Pervaiz Malik announced that the Pakistan Minerals Investment Forum, set to commence tomorrow, aims to highlight investment opportunities in the country’s mineral resources sector. The forum is designed to attract global investors and promote sustainable mining practices.

According to Radio Pakistan, Ali Pervaiz Malik, speaking at a news conference alongside Managing Director of OGDCL, Ahmed Hayat Lak, emphasized that a harmonized framework will be introduced at the forum. This framework, developed through extensive consultations and supported by all provincial governments, seeks to attract substantial investment in the mining sector. The focus remains on sustainable and responsible mining practices.

The Minister also detailed the participation of various countries, including Turkiye, China, Azerbaijan, Saudi Arabia, the US, Denmark, Finland, Kenya, and the UK. An estimated 300 foreign delegates are expected to attend, bringing potential for international collaboration. Additionally, the forum will facilitate the signing of MOUs and agreements aimed at skill development within the mining sector.

Ali Pervaiz outlined that the Minerals Investment Forum will feature technical sessions and an exhibition showcasing technological solutions relevant to the mining industry. This provides a platform for sharing knowledge and exploring innovative approaches.

Ahmed Hayat Lak, Managing Director of OGDCL, highlighted the overwhelming response to the forum, noting Pakistan’s emergence as a significant destination for mineral sector investment. He also announced plans to make this investment forum an annual event. In response to a query, Lak confirmed that the first phase of the Reko Diq project is scheduled for completion by 2028, with the second phase expected by 2034, both promising to contribute significantly to revenue streams.