Pakistan has huge potential of exploitation of natural resources

Discussion in 'Economy & Development' started by Omar1984, Jan 6, 2012.

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  1. Omar1984
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    Omar1984 ELITE MEMBER

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    Pakistan has huge potential of exploitation of natural resources and minerals


    ISLAMABAD, Jan 5 (APP): Parliamentary Secretary for Ministry of Production, Dr. Mahreen Razzaq Bhutto said that Pakistan has huge potential of exploitation of natural resources and minerals like marble and granite to strengthen the national economy. She stated this during a briefing on Pakistan Stoke Development Company (PASDEC) efforts for marble and granite sector development in the country presented by CEO of the Company Ihsanullah Khan here Thursday.

    She said that government is taking all measures to develop the emerging sectors of the country and marble and granite is one of them.

    She urged mine owners to stop uncontrolled blasting and adopt modern quarrying practices through state of the art machinery for value added production.

    Ihsanullah Khan, CEO PASDEC, briefed the Parliamentary Secretary about the efforts of PASDEC for sector development achievements.

    He elaborated that PASDEC has replaced orthodox practices of quarrying with state of the art machinery.

    He informed that PASDEC has established more than twenty projects of marble and granite development in Baluchistan, Khyber Pakhtunkhwa and FATA while others are in pipeline.
    He said that due to PASDEC efforts the marble export quantum increased during 2011.

    He also informed that PASDEC has launched marble mosaic and inlays training programme to promote skill development and entrepreneurship culture amongst women.
    The programme will generate opportunities of livelihood in remote and rural areas, he added.

    The Parliamentary Secretary for Ministry of Production, Dr. Mahreen Razzaq Bhutto directed PASDEC to initiate marble mosaic training for women in rural areas of Sindh province in particular Khairpur district.

    She also desired to established marble and granite development projects in Sindh to exploit the province reserves for the benefit of the people.



    Associated Press Of Pakistan ( Pakistan's Premier NEWS Agency ) - Pakistan has huge potential of exploitation of natural resources and minerals
  2. Omar1984
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    ‘Exploitation of granite, marble to boost economy’

    ISLAMABAD: Pakistan has huge potential of exploitation of natural resources and minerals like marble and granite to strengthen the national economy. Parliamentary Secretary for Ministry of Production Dr Mahreen Razzaq Bhutto during a briefing on Pakistan Stone Development Company’s (PASDEC) efforts for marble and granite sector development in the country said, the government was taking all measures to develop the emerging sectors of the country and marble and granite was one of them. She urged mine owners to stop uncontrolled blasting and adopt modern quarrying practices through state-of-the-art machinery for value-added production. staff report


    Daily Times - Leading News Resource of Pakistan
  3. Don Jaguar
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    Don Jaguar SENIOR MEMBER

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    Lakin hum ne kasam khai hui hai ke apni zameen se kuch nahi nikalain gae. :angry:
  4. Omar1984
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    Omar1984 ELITE MEMBER

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    ^ Only PTI is serious in exploiting our natural resources for the benefit of our country and our people. The rest of these politicians just want to keep them underneath the ground forever :angry:
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  5. Big Boss
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    Just another conspiracy theories as APP is not reliable source??
  6. Omar1984
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    Huge potential for marble products export: Trade missions can fetch billions of dollars export orders

    * APMMPIEA chairman cites Iraq and Gulf States as favourable

    By Razi Syed

    KARACHI: Pakistan can fetch export orders worth billions of dollars for marble’s finished and semi-finished products if the trade commissioners in Pakistan missions in Saudi Arabia, Qatar, Dubai and especially Iraq are asked to explore new markets for Pakistani marble products.

    There is a dire need to explore construction sectors in Iraq and Arab States as billions of dollars construction projects with more than $9,000 million marble products are needed, BMG All Pakistan Marble Mining Processing Industry and Exporters Association Chairman Sanaullah Khan said on Wednesday.

    The International Monetary Fund expects Iraq’s gross domestic product (GDP) to expand 12.6 percent in 2012.

    The trade commissioners in Pakistan missions in these estates should expedite their plans for opening fresh avenues in order to tap new contracts, he added.

    It is believed that this is a sharp contrast to many other Middle Eastern and North African countries showing Iraq’s potential in construction and infrastructure building, Khan maintained.

    In respect to speed up the developments and enhance commercial opportunities, MEED presented the Iraq Infrastructure Projects 2011 in the conference on December 5-8, 2011 in Istanbul, Turkey.

    The marble and natural stone exports quantum would touch above $76 million in 2011.

    He said the quantum of marble exports has touched more than $100 million in 2011 as compared to $60 million during the same period last year.

    “If the load shedding situation persists it will be difficult for the sector to meet $100 million export target in 2012,” he added.

    He said investors from Italy and European countries including UK, Saudi Arabia, Korea and China were still showing great interest and wanted to start joint ventures with the Pakistani counterparts. According to the World Bank studies, Balochistan has the weakest long-term growth performance of all provinces in Pakistan.

    This is despite the fact that Balochistan has more than half of the national prospective geology for minerals, yet it contributes just over one-fifth to the national mining GDP and leads only in the production of coals.

    Around 200 marble products manufacturing units in the largest marble industrial cluster of the country in Karachi are running at half their capacity, thus incurring a production loss of over Rs 27 million a day.

    He said around 200 quarries remained closed for more than two years in the Balochistan province owing to feud among different clans.

    He said Balochistan Mineral Department was also facing a net loss of Rs 600,000 per day in the form of not getting quarry lease fee.

    He said mining and quarry sector contributes nearly 0.6 percent to Pakistan’s GDP with an estimated value addition of more than Rs 16.5 billion.

    Federal Ministry for Production said the government was committed to develop the marble and granite sector as dimensional stone industry of the country.

    Emaar Middle East-Jeddah City Development (near old airport) Jeddah Gate, Saudi Arabia is a $1,600 million project.

    Besides Qatar Foundation for Education, Science and Community Development (QF) Education City: Car Park, Qatar project is estimated at $230 million besides many other projects which have been planned in Arab States.

    Qatar Petroleum is planning to construct a car park with four levels above the ground to be located in the Education City, which will be a 14-square-kilometre development on the western edge of Doha.


    Daily Times - Leading News Resource of Pakistan

    ---------- Post added at 04:30 AM ---------- Previous post was at 04:29 AM ----------

    Yea and what about daily times, you troll.