Pakistan, Malaysia sign MoU to establish ‘Minerals Hub’

LAHORE: Pakistan and Malaysia have signed a memorandum of understanding at Lumut Port to establish a Pakistan-Malaysia “Minerals Hub,” marking a significant step toward strengthening bilateral cooperation in the minerals and mining sector.

The agreement was reached between Lumut Maritime Terminal and the Pakistan Coal Association. It was signed by Muhammad Saqlain Abbas, President of the Pakistan Coal Association, and Dr Haji Mubarak Ali bin Ghulam on behalf of Lumut Maritime.

Under the terms of the agreement, Pakistan’s mineral resources will be linked to Malaysia’s port infrastructure, logistics network, processing facilities, trade channels, and market capabilities, with both parties agreeing to work together in identifying and facilitating commercially viable opportunities in the sector.

The Pakistan Coal Association will serve as Pakistan’s facilitator, helping to build connections with mineral producers, suppliers, exporters, industry participants, and other stakeholders relevant to the initiative.

Officials described the agreement as an important milestone in transforming Pakistani minerals into value-added, market-ready products through Malaysian channels, adding that the deal is expected to connect Pakistani minerals to global markets by leveraging the capabilities established at Lumut Port.

Copyright Business Recorder, 2026