Islamabad:Finance Minister Muhammad Aurangzeb has identified the minerals and mining sector as a potential game changer for Pakistan’s economy, with the capacity to enhance exports, draw foreign investment, and foster sustainable economic growth.
According to Radio Pakistan, Aurangzeb made these remarks during the Pakistan Minerals Investment Forum held in Islamabad. He emphasized the mutually beneficial opportunities the sector presents for both local and international investors, as well as the government.
In his address, the Minister noted improvements in Pakistan’s macroeconomic indicators, such as a reduction in the twin deficit to 2.6 percent of GDP and foreign exchange reserves reaching an unprecedented 21.5 billion dollars. He highlighted the government’s ongoing efforts in structural reforms, fiscal discipline, and export-led growth strategies aimed at placing the economy on a sustainable trajectory.
Aurangzeb also mentioned that a major mining project is projected to generate 2.8 billion dollars in annual export proceeds once operational, which would account for approximately ten percent of Pakistan’s current goods exports. He reiterated the Finance Ministry’s commitment to supporting both domestic and international investors and advancing the development of the minerals sector.