Pakistan has a treasury of trillions of dollars, it will not have to beg in front of IMF, Shahbaz is proud by bringing two enemies together

Pakistan Prime Minister Shahbaz Sharif has said that his country has a large reserve of mineral wealth. Sharif believes that if Pakistan uses its mineral reserves properly, it can get out of poverty. Sharif said this while speaking at the Pakistan Minerals Investment Forum-2025 (PMIF25) on Tuesday. This summit is being held in Islamabad to promote mining and mineral investment in Pakistan. About 300 foreign delegates are participating in this summit. The Sharif government has been successful in bringing together rivals like the US and China in the summit.

According to a report in the Pakistani newspaper Dawn, Shahbaz Sharif said that if Pakistan’s mineral wealth is used properly, the country will get rid of institutions like the IMF, from which Islamabad has to repeatedly ask for loans. He said that Pakistan has the potential to become a global mining power. Pakistan has deposits of rare earth elements, industrial minerals and gems like Reko Dik. National Resources Limited (NRL) has also discovered important copper-gold minerals in Balochistan’s Chagai district.

All facilities will be given to investors

Sharif said, ‘The country’s natural resources are no secret. Publicly, the value of these reserves is trillions of dollars. If we are able to use them, Pakistan will say goodbye to institutions like IMF. It will get rid of the mountain of debt, on which heavy interest has to be paid. For this, it is necessary that the federal and provincial governments, other institutions and the army work together. If we all work together, the situation will change in a very short time.’

Shahbaz Sharif said that while allowing mining investors, it will be ensured that raw materials are not sent out of Pakistan. There will be a policy under which investors mine raw materials, set up downstream industries and then convert them into finished goods and export them. We will welcome investors in Pakistan but there should be such a partnership that benefits both partners.

Pakistan’s Deputy Prime Minister Ishaq Dar said that Pakistan is strategically positioned to emerge as a global mining power. Pakistan will attract foreign investment by reshaping new global supply chains. Dar said that the mining sector is being developed through investor-centric initiatives. All stakeholders will be taken care of in this.