By taking strategic actions meant to encourage investment and sustainable growth, the government of Pakistan has energized the mining and minerals industry.
Reaching significant milestones in its first year of existence, the Special Investment Facilitation Council has proven its dedication to economic expansion.
Along with launching programs for the welfare of miners, SIFC has put in place a number of policies to support the industry.
Within the framework of its corporate social responsibility initiative, Reko Diq Mining Company and the Hunar Foundation have started vocational training in Chagai. Accompanying financial aid measures are facilities like hospitals, helplines, and schools for the families of the miners.
To assess worker performance and guarantee standard adherence, SIFC has put in place key performance indicators. on mining tenders, open bidding has settled more than a thousand outstanding applications, fostering openness grounded on meritocracy and just competition.
Through streamlining the auction process, enhancing accessibility, and lowering transaction costs, the government’s establishment of an e-auction facility enhances efficiency and transparency in resource allocation.
Under the government-to-government concept, a $1 billion mining fund established with Kuwait is expected to propel economic growth. In Pakistan’s Pink Rock Salt Resources, a joint venture between Pakistan Mineral Development Corporation and Miracle Salt Collective Incorporation will invest $200 million.
