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Govt. all set to create jobs in mineral sector!

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ISLAMABAD: Ministry of Planning and Development has started a new initiative – Cluster Development Based Mineral Transformation Plan – to improve productivity in mines and mineral sector and enhance exports.

The initiative, costing Rs62.21 million has been launched under Vision-2025 and would increase value addition and create jobs in mineral sector.

Nature has bestowed Pakistan with enormous and diversified world-class mineral resources, coal, copper, gold, building stones, industrial raw materials, gemstones, etc.

Both public and private sectors are working to exploration and development. As per Annual Development Plan (ADP) 2018-19, the mines & mineral contribution towards GDP growth was 0.09 percent in 2017-18 while Vision 2025 and 12th Five Year Plan envisage fundamental improvements for mineral sector.

Moreover, Geological Survey of Pakistan (GSP) has designed a number of annual field programmes and projects likely minerals investigation, geological mapping, geophysical exploration, exploration and evaluation of coal, geochemical exploration of precious metals, geo-environmental & groundwater studies, exploration of iron ore, geohazard assessment & geotechnical projects, geochemical analysis and medical geology for next year.

An area of about 12800 sq. km is planned to be geologically mapped in different parts of the country. Around 200 samples will be taken in this time period while conducting this survey and geochemical analysis will be carried out.

Even though the operational funds provided in the regular budget are short to meet the project expenses, GSP aims to achieve technical targets in the upcoming financial year within the available resources.

The efforts will be concentrated towards mineral exploration and Geological mapping projects including iron ore, coal, copper, and gold in areas of Punjab and Balochistan province, while Lead-Zinc-Barite investigations will be carried out in Balochistan, Khyber Pakhtunkhwa (KP) and Sindh. There are great reserves of coal in Pakistsn.

It is assumed that there are over 25 Million metric tons of coal deposits. At current times, we are getting 20 thousand metric tons of coal yearly from these mines. 

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Business

ECC approves uninterrupted gas supply to export oriented industry

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ECC approves uninterrupted gas supply

ISLAMABAD: Economic Coordination Committee at its meeting here today approved the mechanism for supply of uninterrupted gas to zero-rated export-oriented industry.

The meeting chaired by Finance Minister Asad Umar approved the supply of RLNG to the export industry for three months from December this year to February next month.

According to the mechanism, the export sectors will be provided mix energy including RLNG from March to November.

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Economy

Governor, Minister discuss Ideas-2018

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KARACHI: Federal Minister for Defence Production Zubaida Jalal on Monday said that all possible steps are being taken for the success of Defence Exhibition Ideas-2018.
The Minister said this while talking to Sindh Governor Imran Ismail at the Governor House here, said a statement. Talking to the Governor, the Minister said that defense production of Pakistan is gaining popularity throughout the World because of its standard.
Sharing his view with the Minister, the Governor said that the defense production is being introduced to the World through the Defence Exhibition `Ideas’.  They also discussed the production of defense in accordance with the demands of the modern era and other matters related to the Ideas-2018.

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Business

German business delegation due on 22nd Oct.

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KARACHI: A thirty-member business delegation from Germany -representing important sectors like energy, engineering, security technology, financial services, and construction- will be on a two-day visit to Karachi, from 22ns October.
This delegation was the result of joint efforts by Bavarian Ministry of Economic Affairs, Energy and Technology; Pakistan Embassy in Berlin with support of Dr. Poetis, who is Honorary Consul General of Pakistan in Munich; the Embassy of Germany in Pakistan and the German Consulate in Karachi, President GPCCI, Qazi Sajid Ali told APP here today.
On the first day, German-Pakistan Chamber of Commerce and Industry has arranged a conference on the trade and investment opportunities in Germany and Pakistan. Sindh Chief Minister Syed Murad Ali Shah is expected to inaugurate this programme.
Then, the delegation would visit Karachi Chamber of Commerce and Industry, Trade Development Authority of Pakistan, Sindh Board of Investment, Pakistan Business Council’s secretariat and the Governor House.
Qazi said that after a long period of time, a business delegation from Germany was coming to Karachi for business discussion with Pakistani counterparts and would finalize the projects of mutual interest for the bilateral business growth. Some of the German businessmen are also interested in the joint ventures. The visit would encourage German investment here and exports of Pakistani goods to Germany.

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