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...
Hey there! I just wanted to ask if you ever have any issues with hackers?
My last blog (wordpress) was hacked and I ended up losing
many months of hard work due to no backup. Do you have any solutions
to prevent hackers?
Mayo modelleri bu yaz tam sana göre! Koton.com’da bulabileceğiniz, Etekli,
Şortlu, Slip, Elbise mayo ve Mayo Bikini modelleri 2021 yeni sezonuyla sizlerle!
Hello! Do you use Twitter? I’d like to follow you if that
would be ok. I’m absolutely enjoying your blog
and look forward to new posts.
Hello, i think that i saw you visited my weblog so i came
to “return the favor”.I am attempting to find things to improve my site!I suppose its ok to use a few of your ideas!!
Also visit my blog post :: superslot
Can you tell us more about this? I’d want to find out some additional
information.
I do believe all of the ideas you have introduced in your post.
They’re really convincing and will certainly work.
Still, the posts are too brief for novices.
May you please lengthen them a little from subsequent time?
Thanks for the post.
Spot on with this write-up, I absolutely believe
this web site needs far more attention. I’ll probably be back again to see
more, thanks for the info!
Hi my friend! I wish to say that this post is awesome, great written and include approximately all important infos.
I’d like to see more posts like this .
Hi! Quick question that’s completely off topic. Do you know how to make your site mobile friendly?
My website looks weird when browsing from my apple iphone.
I’m trying to find a theme or plugin that might be able to fix this problem.
If you have any recommendations, please share. Many thanks!
Thanks for sharing your info. I truly appreciate your
efforts and I am waiting for your next post thank you
once again.