Balochistan minerals set to lure investors

CM says plan aims to boost long-term economic growth

QUETTA:

Balochistan Chief Minister Sarfraz Bugti said on Tuesday efforts are underway to provide global investors with access to provincial mineral reserves, aiming to boost long-term economic growth.

The chief minister held a meeting with a representative delegation from the Mines Owners Association (MOA) at CM's Secretariat in Quetta.

During the meeting, the delegation expressed gratitude to the provincial government, calling the decision to grant industry status to the mining sector a historic and far-sighted move.

The discussion focused on the establishment of the Chamber of Mines, provision of land, investment opportunities, and resolving various issues facing the mining sector.

Bugti told the delegation that upgrading the mining sector to industry status is vital for economic stability, creating jobs, and maximising the province's mineral resources.

"This decision will not only ensure better protection and welfare facilities for the workers but will also provide a strong and clear policy framework for investors."

The chief minister emphasised that the mining sector is a key pillar of Balochistan's development, announcing that the government will implement a system based on transparency, modern technology, strong regulation, and international oversight standards.

He emphasised that worker welfare is paramount, adding that improving working conditions, enhancing safety measures, raising health and security standards, and strengthening the rescue mechanism are among the government's top priorities.

He also confirmed that a comprehensive strategy is being developed to curb illegal mining, safeguard mineral resources, and ensure transparency in the mining lease system, with positive results expected soon.