Pakistan, Australia agree to deepen mining sector collaboration

(Web Desk): Pakistan and Australia have opened new avenues for mutual cooperation in the mineral resources sector, with a particular focus on the development of the Reko Diq project and the strategic role of Pakistan’s Special Investment Facilitation Council (SIFC).

In recent talks between the two countries, consensus was reached on enhancing economic partnerships in the areas of energy, minerals, and water resource management.

Pakistan’s Minister for Energy, who led the delegation, emphasized the importance of leveraging Australia’s mining expertise and strengthening institutional linkages. On this occasion, Australia offered advanced training programs for Pakistani institutions in the mineral sector, which will help modernize the country’s mining industry.

The Reko Diq project holds central importance in this partnership. It is estimated to contain mineral reserves worth $65 billion, including 2 billion tons of copper and 20 million ounces of gold — resources that could significantly transform Pakistan’s economy.

The SIFC has played a key role in facilitating Australian companies’ investment in the mining and energy sectors. Under this partnership, a business-friendly environment will be promoted for joint ventures in mining, with the support of the SIFC. This is expected not only to attract international investors but also to ensure the efficient use of Pakistan’s mineral resources.

This step is being hailed as a significant move toward strengthening the role of the mineral sector in Pakistan’s economic development.