Prime Minister Shaukat Aziz on Wednesday said the proposed project of $700 million by the Tethyan Copper Company (TCC) in Balochistan reflects the confidence of foreign investors in Pakistan's economic and investment friendly policies.
He was talking to Gregory Wilkins and Eduardo Flores of the Tethyan Copper Company (TCC), which is a joint venture of Canadian and Chilian mining companies. The Prime Minister said that Pakistan was endowed with mineral resources and emerging as a very promising area for exploration of mineral deposits.
These natural resources, he added, need to be tapped by both foreign and local investors by using latest techniques and state-of-the-art technology in this attractive field.
The Prime Minister said as a result of wide-ranging structural reforms, transparency and continuity of policies Pakistan had become a destination of choice for the foreign investors. He said the foreign investment flow into Pakistan was an encouraging sign for our efforts to expand investment opportunities.
The Prime Minister said that Gwadar deep-sea port would help a great deal to export mining products from Balochistan. He said that the logistic chain through rail and road network was being improved throughout the country to reduce the cost of doing business and facilitate investors.
The Prime Minister said that currently about 52 mineral exploration projects were underway in Balochistan for exploration of copper, lead, Zinc, oil and gas.
He said the increase in the mining activity would contribute substantially to the economic growth and export in addition creating job opportunities for the people.
Gregory Wilkins appreciated the economic policies of the government and said that there was a huge potential in Pakistan for foreign investors in different fields. He said as a result of investment friendly policies, Pakistan had become a destination of choice for investors. The meeting was attended by Minister for Petroleum and Natural Resources, Amanullah Khan Jadoon, Minister of State for Petroleum and Natural Resources, Mir Muhammad Naseer Mengal, and senior officials.
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