Mining: Govt allocates Rs830m in fiscal 2014
The government is also carrying out a study to assess coal reserves in Potohar region.
LAHORE:
The Punjab government will spend Rs830 million on exploration of mineral and ores during the current fiscal year. Official sources told the media on Thursday that Pakistan had huge deposits of minerals and ores but lacked modern technology. Last year, they said, the government had undertaken some ten schemes in the mineral and ore sector but there was little development towards this end. During the current fiscal, sources said, it intended to accomplish setting up mining estates in Mianwali, Dera Ghazi Khan, Khushak and Chakwal while feasibility of iron mines in Chiniot and Dera Ghazi Khan was being considered. The government is also carrying out a study to assess coal reserves in Potohar region. According to initial estimates, there are vast coal reserves in the area and government would start three mega projects to produce power from coal.
Published in The Express Tribune, July 26th, 2013.
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