Commerce Minister Jam Kamal Khan Seeks Stronger Global Partnerships to Unlock Pakistan’s Mineral Potential
Independent report
ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan has called for stronger international partnerships, investor-friendly policies and greater cooperation to unlock Pakistan’s mineral potential and transform the sector into a significant driver of economic growth.
He made these remarks during a meeting with a delegation from Wood Mackenzie, which called on him at his office to discuss investment opportunities, international cooperation and preparations for the Pakistan Minerals Investment Forum.
The Minister highlighted Pakistan’s substantial mineral resources, particularly copper, antimony, iron ore, gemstones and other critical minerals, noting that their responsible development could increase exports, attract foreign investment and create new opportunities for industrial growth and employment.
Jam Kamal Khan emphasised the importance of a supportive investment environment, competitive taxation, reduced import duties on specialised mining equipment and stronger coordination between federal and provincial governments to facilitate international investors.
He also stressed the need to connect local miners and existing leaseholders with leading international mining companies through joint ventures, financial partnerships and the transfer of modern technology.
Highlighting the role of trade policy in developing the sector, the Minister said tariff reforms, trade agreements, improved international market access and professional services could further strengthen Pakistan’s position as an attractive destination for mineral investment.
He advocated a phased approach to value addition, explaining that commercially viable mining operations could provide a foundation for future investment in copper smelting, refining and downstream manufacturing.
The Minister also called for greater international collaboration across the mineral value chain, particularly in exploration, processing, technology and trade.
The Wood Mackenzie delegation shared perspectives on global investment trends, fiscal competitiveness and opportunities to develop Pakistan’s mining services sector. The meeting also covered preparations for the Pakistan Minerals Investment Forum and the country’s potential to attract leading international investors.
Jam Kamal Khan reaffirmed the government’s commitment to developing the country’s mineral resources into sustainable sources of economic growth, higher exports, employment generation and long-term international investment partnerships.
