NRL CEO Predicts $8 Billion Mining Boom in Pakistan by 2030

Pakistan’s untapped mineral wealth could become a key driver of economic growth, with National Resources Limited (NRL) CEO forecasting that the country’s mining sector could expand from $2 billion to $8 billion by 2030. The statement highlights Pakistan’s potential to transform its natural resource industry into a global player if the right reforms and investments are made.

Pakistan is home to vast deposits of:

• Copper, gold, and coal in Balochistan.

• Salt and gypsum in Punjab.

• Marble and gemstones in Khyber Pakhtunkhwa and Gilgit-Baltistan.

Despite this abundance, much of the sector remains underdeveloped due to outdated extraction methods, lack of infrastructure, and policy uncertainties.

CEO’s Growth Projection

Speaking at a mining conference, the NRL CEO stressed that with modern mining techniques, foreign partnerships, and government support, Pakistan can unlock its full potential.

“If Pakistan aligns policies with international standards and facilitates investment, the mining sector can grow fourfold, from $2 billion today to $8 billion by 2030,” the CEO said.

Several factors could enable this transformation:

• Foreign Direct Investment (FDI): Encouraging global mining companies to operate in Pakistan.

• Policy Reforms: Simplified regulations and protection for investors.

• Infrastructure Development: Roads, railways, and power projects to support mining regions.

• Technology Adoption: Use of advanced equipment to increase efficiency and safety

However, Pakistan faces hurdles that need urgent attention:

• Security concerns in mineral-rich regions.

• Energy shortages that disrupt operations.

• Bureaucratic red tape is delaying project approvals.

• Lack of skilled labor and modern training programs.

Analysts warn that without addressing these issues, Pakistan risks missing the opportunity to maximize its mining wealth.

Globally, demand for minerals such as lithium, copper, and rare earth elements is rising, driven by the green energy transition and rapid technological advancements. If Pakistan positions itself strategically, it could become a major supplier in the international market.

The NRL CEO’s projection of $8 billion in mining revenue by 2030 underscores the massive opportunity waiting to be tapped. For Pakistan, the mining sector could not only generate billions in revenue but also create jobs, strengthen exports, and reduce reliance on imports.

With the right policies, Pakistan’s mining sector can emerge as a cornerstone of economic growth and a key player in the global mineral supply chain.

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