Employers'​ Federation of Pakistan’s Post

Pakistan and Miracle Saltworks Collective recently sealed a $200 million deal in Islamabad aimed at enhancing the export value of Himalayan Pink Salt, signifying foreign investor confidence in Pakistan's economic policies. During the signing event, Caretaker Prime Minister Anwaar-ul-Haq Kakar highlighted the importance of maximizing the country's mining sector to spur economic growth, emphasizing the government's commitment to facilitating investors through clear regulations and simplified procedures, supported by the establishment of a Special Investment Facilitation Council. This initiative not only underscores the potential of Pakistan's mineral wealth but also signals a concerted effort towards economic diversification and sustainable development. #Pakscience #Pakistan #export #minerals #investment

Pakistan and an American company, Miracle Saltworks Collective Incorporation, signed a deal in Islamabad to add value to Himalayan Pink Salt and boost its exports. During the signing event, Caretaker Prime Minister Anwaar-ul-Haq Kakar said the agreement is a big deal for our country's economy. It shows that foreign investors trust our economic policies. They're investing $200 million in this project, which is great for our economy. Anwaar-ul-Haq Kakar also talked about how important it is to make the most of our mining sector to grow our economy. He mentioned that Pakistan has made it easier for investors by making rules clear and procedures simple. There's a Special Investment Facilitation Council set up to help investors. The Prime Minister assured that Pakistan is ready to support investors and make it easier for them to invest here. Caretaker Energy Minister Muhammad Ali mentioned that a modern plant will be built to crush and pack pink salt for export. Pakistan has a lot of pink salt reserves, but we're only using a small amount of them. Currently, minerals contribute very little to our economy, but the goal is to increase this contribution to five percent in the next five years. He also talked about other minerals like copper, gold, silver, chromite, lead, zinc, and graphite. Pakistan has more reserves like nickel, lithium, and cobalt that are yet to be explored. #Pakistan #export #minerals #event #investors #project

Pakistan and an American company, Miracle Saltworks Collective Incorporation, signed a deal in Islamabad to add value to Himalayan Pink Salt and boost its exports. During the signing event, Caretaker Prime Minister Anwaar-ul-Haq Kakar said the agreement is a big deal for our country's economy. It shows that foreign investors trust our economic policies. They're investing $200 million in this project, which is great for our economy. Anwaar-ul-Haq Kakar also talked about how important it is to make the most of our mining sector to grow our economy. He mentioned that Pakistan has made it easier for investors by making rules clear and procedures simple. There's a Special Investment Facilitation Council set up to help investors. The Prime Minister assured that Pakistan is ready to support investors and make it easier for them to invest here. Caretaker Energy Minister Muhammad Ali mentioned that a modern plant will be built to crush and pack pink salt for export. Pakistan has a lot of pink salt reserves, but we're only using a small amount of them. Currently, minerals contribute very little to our economy, but the goal is to increase this contribution to five percent in the next five years. He also talked about other minerals like copper, gold, silver, chromite, lead, zinc, and graphite. Pakistan has more reserves like nickel, lithium, and cobalt that are yet to be explored. #Pakistan #export #minerals #event #investors #project #247updateNews #LatestNews

The Pakistan Mineral Development Corporation (PMDC) has initiated the process of executing an agreement with an American company for the export of pink salt, marking a significant milestone in tapping into the country's mineral resources. The establishment of the Mines and Minerals Division at the federal level highlights the commitment to unlocking the potential of the mining sector . With a focus on aligning mineral policies and regulations across the nation, the division aims to rejuvenate the mineral industry. The Special Investment Facilitation Council (SIFC) plays a key role in facilitating both domestic and foreign investment in the mineral sector. The coordination between federal and provincial authorities is expected to streamline procedures and create an investment-friendly environment. This strategic initiative not only demonstrates Pakistan's commitment to harnessing its mineral wealth but also showcases its willingness to engage in international partnerships for mutual economic progress and development. #Pakistan #Pinksalt #Export #Import #Mineral #USA

Mineral Exports from Mombasa will increase... but for now because of the congestion in Dar and Durban rather than anything extracted locally. Random levies such as those imposed on Iron Ore Exports, in the name of supporting local industries, stifle investment and hamstring development. Here's hoping they can find the right balance and support the industry rather focusing solely on monitoring any revenue it might generate! https://lnkd.in/g-PitS-t

Exciting news from Islamabad! Pakistan and Miracle Saltworks Collective Incorporation, a US company, have inked a deal to enhance the value of Himalayan Pink Salt and boost exports. Caretaker Prime Minister Anwaar-ul-Haq Kakar hailed this agreement as a game-changer for our economy, showcasing foreign investors' trust in our policies with a whopping $200 million investment. Highlighting the importance of maximizing our mining sector's potential, PM Kakar emphasized the government's efforts in simplifying procedures and providing support to investors through the Special Investment Facilitation Council. Caretaker Energy Minister Muhammad Ali outlined plans for a state-of-the-art plant to process pink salt for export, aiming to tap into Pakistan's abundant reserves. With ambitions to elevate minerals' contribution to our economy to five percent within five years, the focus extends to minerals like copper, gold, silver, and more, with untapped reserves awaiting exploration, including nickel, lithium, and cobalt. #PakistanEconomy #InvestmentOpportunity #MiningSector #EconomicGrowth #Pakistan #export #minerals #event #investors #project

Illegal mining (galamsey) has numerous negative economic effects, both on the local and national levels. 1.Destruction of farmland 2. Water contamination 3. Loss of revenue for the government 4. Decreased foreign investment 5.Increased cost of healthcare 6. Unemployment 7. Damage to infrastructure 8. Lower productivity in agriculture 9. Devaluation of land 10. Disruption of local economies These economic effects contribute to long-term developmental challenges and highlight the need for stricter enforcement of mining regulations and sustainable development practices.

Nickel's Nosedive: The Economic Ripple Effect of Tasmania’s Avebury Mine Closure - The closure of the Avebury mine due to plummeting nickel prices, leading to significant job losses. - The influence of Indonesia's nickel supply increase on global and Australian markets. - Calls for governmental action to support critical and battery mineral industries against international competition. The significant impact of the nickel price slump on Tasmania's Avebury mine, has lead to hundreds of job losses. This downturn reflects broader market challenges, notably the increased supply from Indonesia, affecting local Australian producers. The situation underscores the macroeconomic implications of global supply shifts and pricing dynamics on the nickel industry, emphasizing the urgent need for policy action to support the sector. https://bit.ly/3STw9uG #Aveburymine #Nickel #NickelMarket #MiningIndustry #EconomicImpact #AustralianMining #GlobalSupplyChain #PolicyAction #CommodityPrices Department of Natural Resources and Environment Tasmania (NRE Tas) Mallee Resources Limited

New episode takeaway~ The shortage of #China's #domestic #bauxite has not eased, as the operating rate of mines in major producing regions remained low affected by policies and safety inspections. With the heating season approaching, mining activities in Shanxi and Henan will be affected by the restrictions during heavy pollution periods. In terms of seaborne bauxite, the disruption of bauxite shipment and the recent surge in alumina prices pushed seaborne bauxite prices higher. According to Mysteel's tracking, a vessel of #Guinea bauxite has been traded at $82/dmt CIF China, $5/dmt higher than Mysteel’s daily assessment of Guinea bauxite last week.

With Agriculture, especially crops like cocoa and vanilla, local Papua New Guineans own 100 % of the commodity so almost 100 % of the return goes directly into their pockets. It also encourages locals to earn from the sweat of their brow and there is little to no environmental damage. In contrast, for mineral resources, the State owns around 30% (in most cases) and that is distributed among all stakeholders, including local landowners. It also brings about many cross-cutting issues like tribal fights, les man na keke man mentality. And I don't need to tell how severe environmental damage from mines are. As Papua New Guineans, we should know. Agriculture over Minerals! Disclaimer: This is not a post in support of any political agenda. It's merely my thoughts on agriculture (cash crops)and minerals. #dirtyhands #cleanmoney #esp