ISLAMABAD: Caretaker Prime Minister Anwaarul Haq Kakar reassuring government’s all-out support to investors, said effective utilisation of human as well as mineral resources would lead to stable, prosperous and rising Pakistan.

“Our human resource is more important than our mineral resource. Human resource coupled with mineral resource will lead to stable, prosperous and rising Pakistan,” Addressing signing ceremony of joint venture agreement between Pakistan Mineral Development Corporation (PMDC) and US-based Miracle Saltworks Collective Inc for establishing dedicated facility for crushing and packaging of pink salt for export purposes, he said practice of exporting raw materials should come to an end as export of products after value addition was direly needed.

“This is path for Pakistan. We will be exporting quality product in coming days. Pakistan will get rightful branding for its product.

Managing Director of PMDC Asad Ahmed and President of Miracle Saltworks Collective Inc Ahmed Nadeem Khan signed agreement that was witnessed by Kakar, interim Energy Minister Muhamamd Ali and relevant senior authorities.

Calling US “Most valued” trading partner of Pakistan, he said agreement symbolised investment climate in country that would further strengthen friendship between two countries and people. He said decision of US-based firm to invest $ 200 million in Pakistan was resounding vote of confidence in government’s economic policies.

He sa the investment was not just about the pink salt rather it was about trust, partnership and shared prosperity. He told gathering that Special Investment Facilitation Council was playing an important role in creating an enabling environment for foreign direct investment.

Earlier, Muhammad Ali said agreement was beginning of long journey that would boost investors’ confidence. He said Pakistan had tremendous potential in mineral sector and government was committed, focused and has prioritized sector to exploit potential through more investment in pink salt sector.

PMDC Chairman Shamsuddin lauded SIFC’s role which led to surge in PMDC’s profit by three to four times comparing last year.

Published in The Daily National Courier, February, 21 2024

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