ISLAMABAD: A Copenhagen-based multinational mining company, FLSmidth, will train 100 Pakistani engineers in mining, the Pakistani government said on Friday, amid Islamabad’s efforts to utilize the country’s vast mineral resources for economic gains.
The statement by Pakistan’s Press Information Department (PID) came after Petroleum Minister Ali Pervaiz Malik’s meeting with Danish Ambassador to Pakistan Jakob Linulf in Islamabad that focused on bilateral cooperation in the energy sector, particularly in mining and technological collaboration.
Malik recognized that FLSmidth’s advanced solutions in cement production, mineral processing and decarbonization align with Pakistan’s goals of increasing efficiency and reducing environmental impact in its extractive industries, according to the PID.
He emphasized the Pakistani government’s commitment to creating an investor-friendly environment and invited Danish companies, including FLSmidth, to explore partnerships with Pakistani firms during the Pakistani Minerals Investment Forum on April 8-9.
“FLSmidth will be launching a training program named BRIMM (Bradshaw Research Initiative for Minerals and Mining) under which hundred Pakistani engineers will be provided training,” the PID said, citing the Danish ambassador.
“FLSmidth has already entered into 5 partnership agreements in minerals sector of Pakistan.”
Pakistan’s landscape is a treasure trove of diverse mineral deposits from huge coal reserves in the southern Sindh province to gold and copper deposits in the southwestern Balochistan province. The northwestern Khyber Pakhtunkhwa province is home to several gemstone mines, including emerald mines in Swat, Mardan’s pink topaz mines, and peridot mines in Kohistan.
The South Asian country is currently making efforts to utilize these vast mineral resources through foreign investment and collaboration to stabilize its $350 billion economy.
Petroleum Minister Malik expressed Pakistan’s keen interest in leveraging Danish technology and investment to optimize resource extraction and processing as the South Asian country has significant mineral reserves. He extended his full support and offered the government’s good offices to facilitate Danish investment and technology transfer in Pakistan’s growing mining sector, according to the statement.
The ambassador reaffirmed Denmark’s support for Pakistan’s energy transition and industrial growth, and said they were looking forward to Pakistan Minerals Investment Forum.
“He noted that Danish companies are eager to share their expertise in green mining solutions, automation, and digitalization to help Pakistan achieve its economic and environmental objectives,” the PID said.
The meeting concluded with an agreement to facilitate further engagement between Pakistani stakeholders and Danish technology providers, with FLSmidth playing a pivotal role in advancing modern mining practices in Pakistan.
Danish firm to train Pakistani engineers as Islamabad seeks to exploit mineral resources
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Danish firm to train Pakistani engineers as Islamabad seeks to exploit mineral resources
- Pakistan’s landscape is a treasure trove of diverse mineral deposits from huge coal reserves to gold and copper deposits to gemstone
- The South Asian country is currently making efforts to utilize these vast mineral resources to stabilize its $350 billion fragile economy
World Bank approves $700 million for Pakistan’s economic stability
- Of this, $600 million will go for federal programs and $100 million will support a provincial program in Sindh
- The results-based design ensures that resources are only disbursed once program objectives are achieved
ISLAMABAD: The World Bank has approved $700 million in financing for Pakistan under a multi-year initiative aimed at supporting the country’s macroeconomic stability and service delivery, the bank said on Friday.
The funds will be released under the bank’s Public Resources for Inclusive Development — Multiphase Programmatic Approach (PRID-MPA) that could provide up to $1.35 billion in total financing, according to the lender.
Of this amount, $600 million will go for federal programs and $100 million will support a provincial program in the southern Sindh province. The results-based design ensures that resources are only disbursed once program objectives are achieved.
“Pakistan’s path to inclusive, sustainable growth requires mobilizing more domestic resources and ensuring they are used efficiently and transparently to deliver results for people,” World Bank country director Bolormaa Amgaabazar said in a statement.
“Through this MPA, we are working with the Federal and Sindh governments to deliver tangible impacts— more predictable funding for schools and clinics, fairer tax systems, and stronger data for decision‑making— while safeguarding priority social and climate investments and strengthening public trust.”
The approval follows a $47.9 million World Bank grant in August to improve primary education in Pakistan’s most populous Punjab province.
In November, an IMF-World Bank report, uploaded by Pakistan’s finance ministry, said Pakistan’s fragmented regulation, opaque budgeting and political capture are curbing investment and weakening revenue.
Regional tensions may surface over international financing for Pakistan. In May, Reuters reported that India would oppose World Bank funding for Pakistan, citing a senior government source in New Delhi.
“Strengthening Pakistan’s fiscal foundations is essential to restoring macroeconomic stability, delivering results and strengthening institutions,” said Tobias Akhtar Haque, Lead Country Economist for the World Bank in Pakistan.
“Through the PRID‑MPA, we are launching a coherent nationwide approach to support reforms that expand fiscal space, bolster investments in human capital and climate resilience, and strengthen revenue administration, budget execution, and statistical systems. These reforms will ensure that resources reach the frontline and deliver better outcomes for people across Pakistan with greater efficiency and accountability.”
In Sindh, the program is expected to increase provincial revenues, enhance the speed and transparency of payments, and broaden the use of data to guide provincial decision making. The program will directly support the increase of public resources for inclusive development, including more equitable and responsive financing for primary health care facilities and more funding for schools.
