Pakistan Mineral Development Corp set to seal pink salt export deal with US Firm

News Image

MG News | April 09, 2024 at 10:34 AM GMT+05:00

0:00

April 09, 2024 (MLN): Pakistan Mineral Development Corporation has started executing an agreement with an American company for the export of pink salt, according to the Information Ministry’s latest post.

This development comes under the increased initiatives taken by the Special Investment Facilitation Council (SIFC) to tap into the country's mineral potential.

Moreover, the establishment of the Mines and Minerals Division at the federal level has been fast-tracked to harness the potential of mining.

The division will help in revitalizing the mineral sector by harmonizing mineral policies and regulations across the country.

The federal and provincial coordination will facilitate domestic and foreign investment.

Earlier on March 07, Frontier Works Organization (FWO) and Pakistan Petroleum Limited (PPL) signed an agreement for the exploration of minerals.

Additionally, the Pakistan Mineral Development Corporation (PMDC) and Miracle Saltworks Collective Inc. (MSCI) have officially solidified their collaboration through the signing of a Joint Venture Agreement, which is expected to attract a foreign direct investment of $200 million.

These agreements and developmental initiatives are expected to transform the nation’s mineral sector by attracting a substantial amount of foreign investment.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 134,299.77
290.06M
0.39%
517.42
ALLSHR 84,018.16
764.12M
0.48%
402.35
KSE30 40,814.29
132.59M
0.33%
132.52
KMI30 192,589.16
116.24M
0.49%
948.28
KMIALLSHR 56,072.25
387.69M
0.32%
180.74
BKTi 36,971.75
19.46M
-0.05%
-16.94
OGTi 28,240.28
6.19M
0.21%
58.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,140.00 119,450.00
115,635.00
4270.00
3.75%
BRENT CRUDE 70.63 70.71
68.55
1.99
2.90%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.10
1.14%
ROTTERDAM COAL MONTHLY 108.75 108.75
108.75
0.40
0.37%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.75 68.77
66.50
2.18
3.27%
SUGAR #11 WORLD 16.56 16.60
16.20
0.30
1.85%

Chart of the Day


Latest News
July 11, 2025 at 10:56 PM GMT+05:00

Gold price in Pakistan rises Rs2,300 per tola


July 11, 2025 at 05:49 PM GMT+05:00

PKR gains 10 paisa per USD


July 11, 2025 at 05:41 PM GMT+05:00

PSX Closing Bell: Bulls Serenade The Bourse


July 11, 2025 at 05:06 PM GMT+05:00

UBL doubles profit to Rs65bn in 1HCY25


July 11, 2025 at 04:19 PM GMT+05:00

Ideal Spinning Mills to exit spinning business



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg