Pakistan is endowed with huge reserves of minerals covering an outcrop area of 600,000 sq. Km. There are 92 known minerals, of which 52 are commercially exploited, with 68.52 million metric tons per year. The sector is a promising one with an average growth of 2-3% per annum, the existence of above 5,000 operational mines, 50,000 SMEs and direct employment of 300,000 workers. The country has the world’s second-largest salt mines and fifth-largest copper and gold reserves, second-largest coal deposits, and estimated billions of barrels of crude oil. Despite huge potential, the mineral sector’s contribution to Pakistan’s GDP is around 3 %, and the country’s exports are only about 0.1% of the world’s total. In the year 2017, Pakistan’s total mineral exports were 0.5 Billion USD compared to the world’s 401 Billion USD. Ismail Sattar discusses the Employers Federation of Pakistan’s initiative to process the mineral resources in Pakistan into value-added chemicals.EFP has conducted geological surveys, identified minerals and the refining processes. Their first task was to upgrade low concentration Fluorspar to acid grade, which is widely used in acid making industries, CFC’s manufacturing, and glass and ceramic industries. Furthermore, the metallurgical grade is widely used in the iron and steel industry. This initiative will not only contribute to greater GDP. Still, it will also act as a starting point to develop more industries in Pakistan, which will reduce the burden on our imports and lead to a stronger, more versatile economy.
How to add value to minerals, increase export – a business case for Pakistan
Date:
More like thisRelated
Pakistan’s exports to Italy increase 35% to $758 million in 3 quarters
Pakistan’s exports of goods and services to Italy witnessed...
Exports increase 33% to Rs4.019 trillion in three quarters
The exports of the country in rupee term witnessed...
Hi just wanted to give you a quick heads up and let you know a few of the images
aren’t loading correctly. I’m not sure why but I think its a linking
issue. I’ve tried it in two different browsers and both show the same results.
Hello there, I discovered your website by
the use of Google even as looking for a related matter, your web site got here up, it seems to be great.
I’ve bookmarked it in my google bookmarks.
Hi there, just turned into aware of your weblog through Google, and located that it’s really informative.
I am going to be careful for brussels. I’ll be grateful should you continue
this in future. Lots of folks can be benefited from your writing.
Cheers!
Terrific post however , I was wanting to know if you could write a litte more
on this topic? I’d be very thankful if you
could elaborate a little bit more. Bless you!
It’s not my first time to visit this website, i am visiting this web page
dailly and obtain fastidious information from here all the time.
Awesome things here. I am very satisfied to peer your post.
Thanks so much and I’m taking a look ahead to contact you.
Will you kindly drop me a e-mail?
Hi there! This article could not be written much better!
Reading through this article reminds me of my previous roommate!
He always kept preaching about this. I am going to forward this information to him.
Fairly certain he will have a good read. Thank you for sharing!
Normally I don’t learn article on blogs, however I would like
to say that this write-up very pressured me to take a look at and do so!
Your writing taste has been surprised me.
Thank you, very nice post.
Hello, I enjoy reading all of your article post. I wanted
to write a little comment to support you.
Do you have a spam issue on this blog; I also am a blogger, and I was wanting to know your situation; many of us have created some nice procedures and we are looking to swap solutions with
other folks, please shoot me an e-mail if interested.
Thanks a bunch for sharing this with all people you actually realize what you’re talking approximately!
Bookmarked. Kindly also consult with my website =). We can have a link trade agreement among us