AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Islamabad: Federal Minister for Board of Investment, Qaiser Ahmed Sheikh, convened a meeting with a delegation from Nova Minerals Ltd., a U.S.-based mining exploration company, to discuss investment prospects in Pakistan’s mining sector. The discussion centered on the potential for exploration and development of gold, antimony, and rare earth minerals.
Minister Sheikh emphasized Pakistan’s untapped mineral resources, suggesting that foreign investments could unlock these assets while enhancing bilateral economic ties and fostering technology transfer. He highlighted the government’s commitment to shifting from raw extraction to local processing of minerals, aiming for value-added exports.
The Nova Minerals delegation expressed interest in Pakistan’s mineral sectors, citing the country’s geological diversity and improved investment climate as attractive factors. They showed willingness to engage in technical collaborations and feasibility studies with local partners.
Minister Sheikh appreciated Nova Minerals’ interest and reiterated the government’s support for sustainable and technology-driven projects. He acknowledged Prime Minister Shehbaz Sharif’s backing of foreign investments as vital for economic growth.
The meeting concluded with assurances from the Board of Investment to provide a transparent and investor-friendly framework to facilitate such ventures, aiming to translate Pakistan’s natural resources into lasting economic prosperity.