National News

Rs 28 mln being spent to evaluate metallic minerals in Balochistan

ISLAMABAD, (MILLAT/APP): The government has launched an
ambitious plan for extensive evaluation of metallic minerals’ potential existing in Bela and Uthal areas of district Lasbeela, Balochistan.
“Funds amounting to Rs 28.700 million are being utilized in
exploration and evaluation of metallic and minerals in the selected areas of
Balochistan province,” official sources in the Ministry of Petroleum and
Natural Resources told APP.
Answering a question, they said the ministry was consistently offering
investment opportunities in the mineral sector and extending maximum
incentives to local as well as foreign investors.
Inviting investors, the sources said tremendous potential existed for
investment in scientific mining, cutting and polishing for value addition of
gemstone from the known localities and for exploration of new sites.
The northern and northwestern parts of the country are shrouded by
the three world-famous mountain ranges called Hindukush, Himalaya, and
Karakorum, from where nearly all the minerals, which Pakistan is currently
offering to the world market, have been found so far.