Pakistan, Wood Mackenzie discuss investment opportunities in mining sector

Commerce Minister Jam Kamal Khan highlights copper, antimony and other critical minerals, calling for international partnerships to unlock Pakistan’s mining potential.

ISLAMABAD: A delegation from Wood Mackenzie has met Federal Minister for Commerce Jam Kamal Khan to discuss investment opportunities, international partnerships and preparations for the Pakistan Minerals Investment Forum.

During the meeting, the minister highlighted Pakistan’s largely untapped mineral resources, particularly copper, antimony, iron ore, gemstones and other critical minerals, saying their development could increase exports, attract foreign investment and support industrial growth.

Jam Kamal Khan emphasised the need for investor-friendly policies, competitive taxation, lower import duties on specialised mining equipment and stronger coordination between federal and provincial governments to facilitate international investors.

He also stressed the importance of connecting small-scale Pakistani miners and existing leaseholders with major international mining companies through joint ventures, technology transfer and financial partnerships.

Highlighting the Ministry of Commerce’s role, the minister said tariff rationalisation, trade agreements, improved market access and professional services development could strengthen Pakistan’s position as a destination for mineral investment.

He advocated a phased approach to value addition, explaining that commercially viable mining operations could create opportunities for future investment in copper smelting, refining and downstream manufacturing.

The discussions also covered international investment trends, fiscal competitiveness and opportunities to develop Pakistan’s mining-services ecosystem.

The Wood Mackenzie delegation exchanged views on preparations for the Pakistan Minerals Investment Forum and the country’s potential to attract leading international mining investors.

Jam Kamal Khan reaffirmed the government’s commitment to transforming mineral resources into sustainable economic growth, higher exports, employment opportunities and long-term international investment partnerships.