KARACHI: Pakistan has discovered significant reserves of antimony, a critical metal traditionally used in batteries, semiconductors and flame retardants, in the mineral-rich southwestern province of Balochistan, the country’s Special Investment Facilitation Council (SIFC) said on Saturday.
The strategic significance of the discovery lies in its use in military equipment such as infrared missiles, nuclear weapons, night vision goggles and as a hardening agent for bullets and tanks. China is currently the largest producer of antimony in the world, though the discovery could also prove highly beneficial for Pakistan’s economy and defense sector.
“Significant antimony reserves have been discovered in Balochistan, and a comprehensive commercial plan has been developed by the Oil and Gas Development Company Limited (OGDCL) and the Pakistan Mineral Development Corporation (PMDC),” the SIFC statement informed.
“OGDCL and PMDC have entered into a 50:50 partnership, with the formal announcement of the joint venture expected during the Pakistan Minerals Investment Forum 2025 on April 8–9,” it added.
Pakistan has designated mining and minerals as a priority sector for national economic development, aiming to reduce its reliance on imports and enhance exports. The government has launched a series of reforms and events to attract local and international investment in the sector. The SIFC, a civil-military body established in 2023, serves as a one-window platform to streamline such investments and facilitate economic activity across key sectors.
According to the SIFC, Pakistan is also making headway in acquiring ten mineral blocks in Gilgit-Baltistan, where gold, copper, nickel and cobalt deposits have been confirmed.
In Punjab, coordination is underway between the OGDCL and the provincial mineral department to explore mineral deposits in Chiniot, where previous surveys have indicated iron, copper and gold potential.
Pakistan is also exploring the possibility of leveraging refining facilities in Oman to process extracted antimony, which would reduce local infrastructure constraints and accelerate the commercialization process.
To support the mining sector’s long-term growth, the SIFC said the government wants to align academic curricula with international standards and has committed to working with the Higher Education Commission (HEC) and local universities to produce a skilled workforce.
The announcements come just days ahead of the high-profile Pakistan Minerals Investment Forum 2025, where the government is expected to highlight the country’s mineral wealth and attract both domestic and international investors.
Pakistan announces discovery of strategic antimony reserves used in making military equipment
https://arab.news/4e9q5
Pakistan announces discovery of strategic antimony reserves used in making military equipment
- Antimony can be used in military equipment such as infrared missiles, nuclear weapons and night vision goggles
- The announcement comes just days ahead of the Pakistan Minerals Investment Forum, aimed at attracting foreign businesses
Rating firm S&P says it won’t rush Iran war downgrades, sees risks for countries like Pakistan
- Agency says it is monitoring indebted energy importers as higher oil prices strain finances
- Gulf economies seen better placed to weather shock, though Bahrain flagged as vulnerable
LONDON: S&P Global said it would not make any knee-jerk sovereign rating cuts following the outbreak of war in the Middle East, but warned on Thursday that soaring oil and gas prices were putting a number of already cash-strapped countries at risk.
The firm’s top analysts said in a webinar that the conflict, which has involved US and Israeli strikes against Iran and Iranian strikes against Israel, US bases and Gulf states, was now moving from a low- to moderate-risk scenario.
Most Gulf countries had enough fiscal buffers, however, to weather the crisis for a while, with more lowly rated Bahrain the only clear exception.
Qatar’s banking sector could also struggle if there were significant deposit outflows in reaction to the conflict, although there was no evidence of such strains at the moment, they said.
“We don’t want to jump the gun and just say things are bad,” S&P’s head global sovereign analyst, Roberto Sifon-Arevalo, said.
The longer the crisis was prolonged, though, “the more difficult it is going to be,” he added.
Sifon-Arevalo said Asia was the second-most exposed region, due to many of its countries being significant Gulf oil and gas importers.
India, Thailand and Indonesia have relatively lower reserves of oil, while the region also had already heavily indebted countries such as Pakistan, Bangladesh and Sri Lanka whose finances would be further hurt by rising energy prices.
“We are closely monitoring these (countries) to see how the credit stories evolve,” Sifon-Arevalo said.
