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Caretaker Prime Minister Anwaar-ul-Haq Kakar has expressed dedication to increase all attainable help to traders to facilitate extra International Direct funding.
He was addressing the signing ceremony of a three way partnership settlement between Pakistan Mineral Improvement Company and the US-based Miracle Saltworks Collective Incorporation to extend within the worth of Himalayan Pink Salt and its export.
He stated funding of 2 hundred million {dollars} on this venture is reposing confidence in authorities’s financial insurance policies.
Anwaar ul Haq Kakar expressed resolve to make the most of full potential of mining sector to speed up financial progress.
He stated the federal government has launched complete reforms to supply degree taking part in area for traders with clear laws, streamlined procedures and sturdy authorized frameworks.
Anwaar ul Haq Kakar additionally praised function of Particular Funding Facilitation Council to create an enabling setting and facilitate overseas direct funding.
Talking on the event, Caretaker Minister for Power Muhammad Ali stated state-of-the-art crushing and packaging plant will pave manner for export and processing of pink salt.
He stated Pakistan has over fifty billion tons reserves of pink salt, whereas solely 4 million tons is being extracted.
The Minister stated minerals at the moment contribute to 1 % of the GDP and the goal is to take this determine to roughly 5 % in subsequent 5 years.
Earlier, Managing Director of the Pakistan Mineral Improvement Company Asad Ahmed and President of US-based Miracle Saltworks Collective Inc Ahmed Nadeem Khan signed the settlement for worth addition of Himalayan Pink Salt.
The ceremony was witnessed by the Prime Minister Anwaar-ul-Haq Kakar, Power Minister Muhammad Ali and related senior authorities.
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