AIRLINK 157.41 Decreased By ▼ -6.97 (-4.24%)
BOP 10.37 Decreased By ▼ -0.20 (-1.89%)
CNERGY 8.32 Decreased By ▼ -0.08 (-0.95%)
CPHL 92.89 Increased By ▲ 2.93 (3.26%)
FCCL 46.73 Decreased By ▼ -0.21 (-0.45%)
FFL 14.88 Decreased By ▼ -0.36 (-2.36%)
FLYNG 26.98 Increased By ▲ 0.65 (2.47%)
HUBC 134.01 Decreased By ▼ -2.36 (-1.73%)
HUMNL 12.52 Decreased By ▼ -0.49 (-3.77%)
KEL 4.21 Decreased By ▼ -0.07 (-1.64%)
KOSM 5.39 Decreased By ▼ -0.22 (-3.92%)
MLCF 60.88 Increased By ▲ 0.09 (0.15%)
OGDC 208.52 Decreased By ▼ -6.37 (-2.96%)
PACE 5.40 Decreased By ▼ -0.14 (-2.53%)
PAEL 40.78 Decreased By ▼ -1.22 (-2.9%)
PIAHCLA 18.80 Increased By ▲ 1.06 (5.98%)
PIBTL 9.98 Decreased By ▼ -0.25 (-2.44%)
POWER 11.96 Increased By ▲ 0.06 (0.5%)
PPL 168.77 Decreased By ▼ -5.45 (-3.13%)
PRL 35.03 Decreased By ▼ -0.51 (-1.44%)
PTC 22.99 Increased By ▲ 0.05 (0.22%)
SEARL 93.10 Decreased By ▼ -1.94 (-2.04%)
SSGC 35.57 Decreased By ▼ -1.04 (-2.84%)
SYM 13.66 Decreased By ▼ -0.27 (-1.94%)
TELE 6.95 Decreased By ▼ -0.29 (-4.01%)
TPLP 10.00 Decreased By ▼ -0.27 (-2.63%)
TRG 60.67 Decreased By ▼ -0.86 (-1.4%)
WAVESAPP 9.70 Decreased By ▼ -0.62 (-6.01%)
WTL 1.30 Decreased By ▼ -0.02 (-1.52%)
YOUW 3.65 Decreased By ▼ -0.04 (-1.08%)
BR100 12,239 Decreased By -154.2 (-1.24%)
BR30 36,393 Decreased By -714.3 (-1.92%)
KSE100 114,153 Decreased By -1379.3 (-1.19%)
KSE30 35,200 Decreased By -461.3 (-1.29%)

FLSmidth, a Danish multinational technology company, has expressed interest in Pakistan’s mining sector.

The development came during a meeting between H.E Jakob Linulf, Ambassador of Denmark to Pakistan and Federal Minister for Petroleum Dr Musadik Malik.

As per a statement released on Saturday, the Danish envoy expressed the interest of Danish company FLSmidth in the mining sector.

The company provides the global mining and cement industries with equipment and services worldwide. is already working in the cement industry of Pakistan.

During the meeting, the Federal Minister ensured full support for the upcoming visit of the CEO of FLSmidth to Pakistan in September and anticipated bolstering cooperation between both countries.

“Pakistan can benefit from Danish expertise in green energy,’’ said Malik.

’’In this regard, opportunities for energy transition and biomass should be explored together,“ he added.

The mining sector in Pakistan is an important part of the country’s economy, contributing to industrial and economic growth, but remains engulfed in various challenges including regulatory challenges, including bureaucratic hurdles, security concerns and poor infrastructure.

However, in recent months, Pakistan’s mining industry has come under the spotlight, with a number of international companies expressing interest in exploring the relatively untapped sector.

Last month, a Chinese company Metallurgical Corporation of China (MCC) Tongstin Resources expressed deep interest in increasing its investment in the mineral and mining sector in Pakistan.

The MCCT submitted a proposal of establishing a mineral industrial park in Pakistan which consists of copper/ lead/ zinc refining and deep processing, giving more value addition to the mineral products.

Meanwhile, Saudi Arabian mining company Manara Minerals also remain in talks with Islamabad for buying a stake in Pakistan’s Reko Diq gold and copper mine.

The Reko Diq area in Balochistan holds one of the largest undeveloped copper-gold deposits globally. The Saindak Copper-Gold Project, also in Balochistan, has been operational for several years.

Comments

Comments are closed.

Fahad Jun 22, 2024 09:37pm
For value addition and boost to exports($), semiconductor industry may also be setup alongside extraction/mining.
thumb_up Recommended (0)