Pakistan has excellent mineral potential including precious metals, dimension stones, industrial minerals, rock salt, coal, etc. but the potential has not been developed commensurately. Mismatch primarily due to capital intensive nature of investment. The mining and quarrying sector grew by 7.6% in 2012-13 as against 4.6% for the year before. To date, over 1,400 mining concessions have been granted and the sector contributes 2.4$ to GNP.
Pakistan has a good edge for the gems and jewellery sector, the availability of gemstone as raw material is in abundance as well as the additional factor of low cost of production, talented, energetic, and hard working artisans are the significant promising features for investment. The value addition at source by gem processing will be in the interest investors as the raw material will be readily available and processing can be made comparatively at lower cost.
Investment Growth Potential
Pakistan Mineral Development Corporation offers joint ventures in following projects:
- Gold & Base Metals Exploration in the Northern Areas of Pakistan
- Coal Briquetting Plan
- Coal mining for small thermal power plants
- Production of Ultra Refined Salt