PM Sharif urges global investors to tap into Pakistan’s minerals sector

Pakistan's Prime Minister Shehbaz Sharif, addresses the 23rd Shanghai Cooperation Organization (SCO) Summit, hosted virtually by India, in Islamabad, Pakistan, on July 4, 2023. (REUTERS/File)
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Updated 20 April 2025
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PM Sharif urges global investors to tap into Pakistan’s minerals sector

  • Pakistan organizes three-day Health, Engineering and Minerals Show in Lahore with foreign delegates in attendance
  • Exhibition featured a range of high-tech stalls showcasing agricultural machinery, precious stones and pharmaceuticals

ISLAMABAD: Prime Minister Shehbaz Sharif this week invited global investors and friendly countries to tap into the country’s mining sector and take advantage of its economic opportunities, state-run media reported. 

Pakistan is home to one of the world’s largest porphyry copper-gold mineral zones, while the Reko Diq mine in southwestern Balochistan province has an estimated 5.9 billion tons of ore. Barrick Gold, which owns a 50 percent stake in the Reko Diq mines, considers them one of the world’s largest underdeveloped copper-gold areas, and their development is expected to have a significant impact on Pakistan’s struggling economy.

In recent months, Pakistan has aggressively tried to tap into its huge reserves of natural resources to extract maximum economic advantage from them. Islamabad hosted a two-day minerals summit this month in which hundreds of delegates from around the world visited Pakistan to explore opportunities in its mining and minerals sector.  

“Pakistan is rich in talent, especially in IT and AI sectors,” Sharif said on Saturday while speaking at the three-day Health Engineering and Minerals Show [HEMS] in Lahore. 

“We are extending investment opportunities to friendly nations and inviting them to initiate joint ventures, particularly in the mining and minerals sector,” he added. 

The Pakistani prime minister stressed that over 60 percent of Pakistan’s population comprises the youth, describing them as intelligent and capable.

He called for equipping them with modern skills and professional training. 

“Our young generation is our asset, and with the right direction and innovation, they can drive Pakistan’s economic success,” he added. 

Sharif credited his government for increasing Pakistan’s exports, saying that its consistent policies had caused the country to boost production and rely less on imports. 

The exhibition featured a range of high-tech stalls showcasing agricultural machinery, precious stones, pharmaceuticals and surgical instruments, the state-run Associated Press of Pakistan (APP) said. 

Dignitaries and delegates from China, Africa, the Middle East, Europe, the United States, Turkiye and other countries participated, with a total of 860 foreign delegates in attendance.

On this occasion, several bilateral agreements and memoranda of understanding were signed, the APP said. 


Pakistan alarmed as Russia-Ukraine conflict intensifies, calls for immediate ceasefire

Updated 13 January 2026
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Pakistan alarmed as Russia-Ukraine conflict intensifies, calls for immediate ceasefire

  • Pakistan envoy urges both sides to resolve ongoing conflict through peaceful means during Security Council briefing
  • Russia last Friday fired hypersonic ballistic missile capable of carrying nuclear warhead at Ukraine, drawing criticism

ISLAMABAD: Pakistan’s UN Ambassador Iftikhar Ahmad this week expressed alarm as the Russia-Ukraine conflict intensifies, calling for an immediate ceasefire and demanding both countries resolve their issues peacefully through dialogue. 

The development takes place days after Russia last week fired an intermediate-range hypersonic ballistic missile at Ukraine called Oreshnik. The move drew sharp criticism as the missile is capable of carrying nuclear and conventional warheads. Russia said it fired the Oreshnik in response to what Moscow says was an attempted Ukrainian drone attack on Dec. 29 against one of Putin’s residences in northern Russia. Ukraine denies Moscow’s claims. 

February 2026 will mark four years since Russia launched its full-scale invasion of Ukraine, triggering the worst armed conflict in Europe since World War II. The war has killed hundreds of thousands of people and forced millions to flee their homes.

“We are alarmed by the recent intensification in fighting with escalation in attacks from both sides, further worsening the already dire humanitarian situation,” Ahmad said on Monday during a UN Security Council briefing on the Ukraine conflict. 

“Such actions not only perpetuate the conflict, but they also undermine trust, and the ongoing efforts for peace.”

The Pakistani envoy urged both sides to abide by the principles of international law and ensure civilians and civilian infrastructure are protected during the conflict. He said Pakistan’s position on resolving the issue through dialogue has not changed. 

“Now, more than ever before, the overwhelming global opinion is on the side of ending this conflict through peaceful means,” Ahmad said. “This can only be achieved through a sustained, meaningful and structured dialogue.”

US President Donald Trump has been pushing both sides to strike a deal to halt the conflict, running shuttle diplomacy between Ukraine’s Volodymyr Zelensky and Russia’s Vladimir Putin in a bid to get an agreement across the line. Plans to broker peace collapsed after an initial 28-point plan, which largely adhered to Moscow’s demands, was criticized by Kyiv and Europe.

Ahmad appreciated the US for attempting to resolve the conflict through peaceful means. 

“We hope that all sides would make full use of the ongoing diplomacy, demonstrate genuine political will, and engage constructively to make meaningful strides toward a peaceful and negotiated settlement of the conflict, starting with an immediate ceasefire,” he said.