Published On: Fri, Sep 22nd, 2023
Published in Category: Islamabad

CEO of Rio Tinto Group calls on Caretaker PM

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New York: Caretaker Prime Minister Anwaar-ul-Haq received Mr. Jakob Stausholm, CEO of Rio Tinto Group, a global leader in mining and minerals, in New York today. The Prime Minister encouraged Rio Tinto Group to consider investing in Pakistan's mineral and mining sector, highlighting the country's vast untapped mineral reserves, valued at over $6 trillion, which include substantial deposits of gold, copper, and rare earth metals.

The Prime Minister outlined Pakistan's robust economic vision, emphasizing the government's commitment to sustainable growth through efficiency enhancement, reduced business costs, regulatory improvements, increased productivity, and higher investments.

The Prime Minister underscored the role of the Special Investment Facilitation Council (SIFC), which acts as a single-window platform, simplifying procedures and fostering an investor-friendly environment.

He emphasized the significance of the mining sector as a priority for FDI, leveraging Pakistan's abundant natural resources, including , copper, gold, lead, zinc and rare earth minerals. He also underscored that the Government of Pakistan’s objective was to keep the people of Pakistan’s interest foremost while having a win-win cooperation with companies like Rio Tinto.

The Prime Minister extended an invitation to Rio Tinto Group’s CEO and their team to visit Pakistan and explore investment opportunities further.

CEO of Rio Tinto Group thanked the Prime Minister for the invitation and assured that his team would liaise with the concerned authorities to explore investment opportunities in Pakistan’s mineral and mining sector.