Seminar on Investment in Mining Sector in Pakistan held at the High Commission, London

 

 

London: Pakistan High Commissioner for UK Mr. Wajid Sham ul Hasan while inaugurating the seminar on mining prospects in Pakistan organized by the Pakistan British Trade and Investment forum on 08-12-2011 said that great investment opportunities in the mining sector await investors from UK and elsewhere. He further highlighted and underscored the scope in the mining sector of Pakistan.  

 

While appreciating the increase of 19 % Trade between Pakistan and UK,  he appreciated the efforts of the business communities of the two countries for their  sustained efforts in promoting economic linkages.

 

Rudolph de Bruine of Incubex Minerals, in his address on the occasion said that after his visit to Pakistan, he could confidently say that economic opportunities in Pakistan particularly in the mining sector, are tremendous. He stressed upon the need to accelerate the exploration of minerals in order to attract investors.  He termed  the policy and structure for awarding licenses in the mining sector in Pakistan very attractive.          

 

The mining laws and procedures in Pakistan he added were quite similar to  that in other parts of the world. The Board of Investment in Pakistan he mentioned was  helpful to the foreign investors and they could  greatly  benefit from the facilities  being accorded by  the Board of Investment. 

 

Dr. David Twist of Incubex Minerals in his presentation on Geographical study about mineral deposits in Pakistan stated that world's best deposits of minerals particularly Iron, Coal, Copper Gold and Zinc exist in Pakistan. This country he mentioned had been under-explored and this precisely was because of lack of technology and resources. He further briefed about the presence of various minerals in different parts of Pakistan. He said if Pakistan tapped these resources, poverty can be reduced significantly. 

 

Nadeem Khan of Lewis Sikin LLP while speaking on the occasion said that Pakistan was the economic hub of the region. It stood at 98th position out of 183 countries in the category of “Ease in Doing Business”. The presence of high profile international law firms, known International Banks and recognized regulatory institutions are signs  of comfort for the investors, he added. He   however emphasized that the Government had  to invest in the exploration as well as in the marketing of the minerals.

 

Sabe Tibbitts, International Trade Advisor of UK Trade and Investment Support for UK companies, in her speech said the trade between UK and Pakistan had increased because the businessmen and the investors were convinced of the economic opportunities in Pakistan. The security problems she mentioned existed but these were   over exposed in the media. The holding of business events like industrial fairs and exhibitions   she said, indicate that business activities were normal in Pakistan. Pakistan   she stated had the potential to become the success story of South Asia in terms of economy. 

 

 

December 9, 2011

 

Last updated: 9 December 2011