Agreement between PMDC and MSCI will strengthen Pak-US trade ties: PM
Anwaarul Haq Kakar says the joint venture reflects prevailing conducive investment environment in Pakistan.
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.
President says Pakistan focusing export increase to improve economy
Dr. Arif Alvi while talking to a delegation of Miracle Saltworks Collective, a USA-based salt mining and processing company has said that Pakistan wants to promote foreign investment and joint ventures in various sectors.
Islamabad: President Dr. Arif Alvi on Wednesday said Pakistan is focusing on increasing exports to improve its economic situation.
Talking to a delegation of Miracle Saltworks Collective, a USA-based salt mining and processing company, in Islamabad today, he said Pakistan wants to promote foreign investment and joint ventures in various sectors. He said we want mutually beneficial business partnerships with foreign companies.
The President noted that better processing, packaging and marketing can add value to our salt. He said Pakistani salt can be obtained with high quality and very low investment.
The delegation apprised the President about the potential of Pakistani salt mines in earning foreign exchange, saying that quality and mineral rich rock salt is found only in Pakistan.
The delegation acknowledged that Pakistani salt is of low cost and high quality, emphasizing that the country can benefit from the largest salt market in the world.
It noted that the quality of Pakistani salt in terms of mineral content is the best in the world, and responsible mining, better processing and marketing can increase the value of Pakistani salt.
The delegation informed the President that Miracle Salt Works Collective will invest in Pakistan's salt sector. The company will mine and process Pakistani salt using high-quality technology.
PSL 9: Karachi Kings beat Peshawar Zalmi by seven wickets
It is another setback to Peshawar Zalmi which could not win even a single bench since the start of Pakistan Super League 9.
Lahore: Peshawar Zalmi faced another setback as Karachi Kings defeated it in another match of Pakistan Super League (PSL) Season 9 at Gaddafi Stadium in Lahore on Wednesday.
Peshawar Zalmi had set the target of 155 runs which the kings easily chased by seven wickets.
Karachi Kings earlier had won the toss and decided to bowl first against Zalmi. Peshawar Zalmi lost Saime Ayub's wicket at zero runs, dismissed by Shoaib Malik, and later, Mohammad Haris made 6 runs before being out on Mir Hamza's ball.
Before the start of the match, Shaan Massood was so determined that he said that they were looking towards clinching first victory in the match.
He mentioned that there has been one change in the team lineup, with Irfan Khan Niazi replacing Saad Baig in the playing eleven. At this juncture, Peshawar Zalmi's captain Babar Azam stated that they were close to the target against Gladiators but failed to win the match.
Karachi Kings: Shaan Masood, Mohammad Akhlaq, James Vince, Shoaib Malik, Kieron Pollard, Mohammad Nawaz, Irfan Khan Niazi, Daniel Sams, Hasan Ali, Mir Hamza, and Tabraiz Shamsi.
aptain Babar Azam, Saime Ayub, Mohammad Haris, Tom Kohler-Cadmore, Rovman Powell, Asif Ali, Amir Jamal, Lyok Wood, Mohammad Zeshan, Waqar Salam Khil, and Salman Arshad.
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