SIFC revives multi-billion-dollar salt project after two-year pause

MG News | June 28, 2024 at 12:19 PM GMT+05:00

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June 28, 2024 (MLN): The Special Investment Facilitation Council (SIFC) has proposed a workable solution for a multi-billion-dollar salt export project that has been dormant for two years.

Pakistan's salt deposits from mines are the second largest in the world, while salt is also obtained in abundance from the sea.

The processing and export of salt obtained from the sea was not given special attention in the past, which was taken up by the Hub Salt Company as an unsolicited proposal.

The proposal was raised at the SIFC forum, where the council brought together all the stakeholders to consider the proposal and highlight the national and international importance of the project, according to the Information Ministry.

Taking into consideration the concerns and needs of all stakeholders, the SIFC thoroughly assessed the project and anticipates it will commence within the next one to one and a half years.

The initial volume of the salt obtained from the coastal areas of Pakistan is 2 million tons per year, which has the potential to increase to 20m tons per year.

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