Pakistan and Kuwait are joining forces to set up a $1 billion fund for mining, hoping to attract foreign investment. This comes after settling a dispute over the Reko Diq project. A government-owned Pakistani company will lead this effort, and talks have begun positively. A company from Kuwait is keen on mining metals and minerals for renewable energy.
To make it easier for foreign investors, the government is changing the rules and updating the National Mineral Policy. They want to encourage investment in areas rich in minerals, especially in Balochistan.
Pakistan is also looking at opportunities with other Gulf countries like the UAE and Saudi Arabia to improve its mining industry. This partnership aims to bring in investments and strengthen the country’s position in the mining sector.
