U.S. and Global Firms Eye Pakistan’s Mineral Wealth in High-Level Investment Talks
Islamabad: A high-level U.S. delegation, including representatives from USSM and global infrastructure leader Mota-Engil, met Prime Minister Muhammad Shehbaz Sharif in Islamabad to discuss potential investments in Pakistan’s rich mineral sector. The meeting was also attended by Deputy Prime Minister Ishaq Dar, Chief of Army Staff Field Marshal Syed Asim Munir, and several federal ministers.
The discussions centered on exploring opportunities in mineral extraction, value addition, and supporting infrastructure projects. Officials highlighted Pakistan’s vast reserves of copper, gold, rare earth elements (REEs), and other critical minerals, sharing detailed briefings with the Ministers of Petroleum and Commerce.
Delegation members expressed strong interest in investing in domestic value-addition facilities, expanding mineral processing capacities, and undertaking large-scale infrastructure projects linked to the mining industry.
In a significant step, the two sides signed two Memoranda of Understanding (MoUs) focusing on the development and processing of critical minerals, including REEs, as well as logistics services.
Pakistan’s Frontier Works Organization (FWO), the country’s leading miner of critical minerals, also signed an MoU with USSM. This agreement sets the stage for collaboration across a range of minerals crucial to defense, aerospace, and technology industries.
Under the partnership, Pakistan will immediately begin exporting key minerals such as antimony, copper, gold, tungsten, and rare earth elements to the U.S. market. The agreement also lays the groundwork for a USSM proprietary poly-metallic refinery in Pakistan, capable of producing intermediate and finished products to meet rising demand. The first phase of this initiative is expected to bring approximately $500 million in investment into Pakistan’s critical minerals sector.
Moving forward, dedicated teams will be formed to identify minerals for immediate export and develop long-term strategies for exploration, processing, and infrastructure. Both sides also agreed to explore innovative financial tools, including tokenization of critical minerals, to attract global investment while boosting transparency and liquidity in the sector.
Separately, Pakistan’s National Logistics Corporation (NLC) signed an MoU with Mota-Engil Group to strengthen collaboration in logistics and infrastructure. Mota-Engil, a global leader in construction and engineering, aims to align its initiatives with Pakistan’s strategic and private sector growth objectives.
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