Agreement between PMDC and MSCI will strengthen Pak-US trade ties: PM

Islamabad: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Wednesday expressed the confidence that signing of agreement between Pakistan Mineral Development Corporation and US-based Miracle Saltworks Collective Incorporation would not only surge the export of Pakistani salt, but it would also strengthen trade ties between Pakistan and the United States.

He was talking to a delegation of Miracle Saltworks Collective Incorporation, a US-based salt mining and processing company, which called on him in Islamabad today.

The Prime Minister said this joint venture reflects prevailing conducive investment environment in Pakistan. He said Pakistan has billions of dollars reserves in mining sector and new heights are being achieved in this sector under the auspices of Special Investment Facilitation Council.

Anwaar-ul-Haq Kakar said the caretaker government, during its tenure, took various steps for increasing Foreign Direct Investment in the country, which are yielding positive results.

The delegation of the Miracle Saltworks Collective Incorporation thanked the government of Pakistan particularly the Special Investment Facilitation Council for its cooperation.

The delegation apprised the Prime Minister that after establishing this company in Pakistan, it will be listed with major stock exchanges around the world, which will benefit the government of Pakistan and local investors as well.

The delegation of the US-based Miracle Saltworks Collective Incorporation also informed the Prime Minister about its plan for socio-economic uplift of the local people, living in the areas near to salt mines and also provision of education, health and jobs opportunities to them.