New Desk
ISLAMABAD : Prime Minister Shehbaz Sharif on Tuesday said that if Pakistan managed to harvest its mineral reserves that valued “trillions of dollars”, it could allow the country to say farewell to global financial institutions like the International Monetary Fund (IMF), as he delivered his address at the Pakistan Minerals Investment Forum 2025 (PMIF25).
The two-day forum, hosted by Pakistan, commenced at the Jinnah Convention Centre in in Islamabad. The country plans to unveil a unified framework to promote mining and mineral investment opportunities across four provinces, Azad Kashmir and Gilgit-Baltistan at the high-level event which will be attended by around 300 foreign delegates.
The PMIF25 will serve as a premier platform for global stakeholders to explore investment opportunities in Pakistan’s emerging minerals sector and unlock the country’s vast mineral potential.
PM Shehbaz highlighted the mining potential across the country and said, “We have to make sure that whatever permissions to potential investors in future … we will not allow raw materials to be shipped out of Pakistan.
He added, “From today onwards, there has to be an integrated policy where you [investors] mine raw material, have downstream industry, convert them into finished goods and then export it out.”
“Such agreements will entail that investors will bring technology and transfer it to Pakistan over a period of time,” he said.
He continued, “This will be the cardinal principle of our partnership. In the future, you [investors] are most welcome to these mines all over Pakistan but there has to be a partnership which brings benefits to both partners.”
Speaking about the country’s natural resources, he said, “This is not a secret. In the public domain, these deposits are valued trillions of dollars. If we are able to harvest these great assets … Pakistan would say goodbye to institutions like the IMF … It will be able to get rid of the mountain of loans and borrowed sums of money costing us a fortune.”
He also urged the federal and provincial governments, institutions and the military to work together saying, “If we are able to put our act together … we can turn the corner within no time.”
