Everyone knows that pakistan is now in a very bad financial crisis. The government of the country is taking various steps to recover from this financial crisis, just like eating something that will clear bile. Meanwhile, it has been reported that pakistan is planning to give the rights to the minerals in its country to foreign countries. Pakistan's financial situation has been bad for the past several years. Especially in recent years, it has gone out of hand. The Pakistani government is taking various steps to deal with the situation, as part of which pakistan is getting ready to allow its rare earth metals and mineral resources to be opened for foreign investment. The decision taken by pakistan is planned to attract investments from the United States, china, Saudi Arabia, England, Turkey, and the United Arab Emirates. Its value is estimated to be $ 3 trillion to $ 5 trillion. Currently, these resources are under the control of local provincial governments in Pakistan.
The Pakistani central government is planning to bring them under its control. In order to facilitate investments, all minerals and rare earth metals will be transferred from the control of provincial governments to the jurisdiction of the Pakistani central government, and steps are being taken for this, senior officials of the country have said. The amendment to the law will transfer these resources from the provincial governments to the Pakistani central government to facilitate tenders, regulatory approvals, and security clearances. Under the 18th Amendment to the Constitution of pakistan, the power over natural resources has been given to the provinces. A constitutional amendment will be required to bring this under the control of the Pakistani government. Pakistani officials said that the draft law for this is currently under consideration. The Pakistani government plans to attract foreign investment in the next six to eight months. In the first phase, pakistan plans to give the rights to the resources in the Gilgit-Baltistan region to foreign countries. It is expected that china may acquire these rights.
Similarly, it is said that the US is likely to get the rights to develop mining projects in North balochistan and South Khyber Pakhtunkhwa. Other countries, like pakistan, have rich copper-gold deposits in the Reko Dig mine. The world's largest untapped copper-gold deposit is said to be in the Reko Dig mine. Negotiations are said to be in the final stages to give this mine to Saudi Arabia. For this, the US, England, china, Saudi Arabia, Turkey, and the United Arab Emirates are holding talks with many international countries. pakistan is providing the necessary information to all countries. pakistan plans to allocate minerals to the country that is ready to invest the most. After that, pakistan has decided to give the permits quickly. pakistan is rich in various minerals. It is rich in minerals such as coal, copper, gold, iron ore, and chromite. pakistan also has the fifth-largest copper and gold deposits in the world. Pakistan's mineral wealth is spread from balochistan to the mountainous regions in the north, and from the plains of punjab to the Indus.
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Sowmiya Sriram

14/08/2025 03:09 PM