ISLAMABAD: In order to add value to Himalayan pink salt and increase its export, Pakistan and US-based Miracle Saltworks Collective Incorporation signed an agreement in Islamabad on February 20, 2024.
Under the agreement, a state-of-the-art crushing and packaging plant will be set up that will pave the way for export and processing of pink salt rock in Pakistan. Pakistan has over 50 billion tonnes of reserves of pink rock salt whereas only four million tonnes was being extracted.
Speaking on the occasion, Caretaker Prime Minister Anwaarul Haq Kakar the 200 million dollars investment in the initiative was a vote of confidence in our economic policies as well as the investment friendly environment.
He said Special Investment Facilitation Council was playing an active role in creating an enabling environment and facilitating foreign direct investments.
Caretaker Minister for Energy Muhammad Ali said minerals contributed to one percent of the GDP of Pakistan and the target was to raise the figure to five percent in next five years.
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