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Pakistan aims to increase its exports to US$100 billion under the National Economic Transformation Plan 2035: Ahsan Iqbal

ISLAMABAD:Federal Minister for Planning, Development and Special Initiatives, Ahsan Iqbal Chaudhry, has emphasized the need to fast-track the Nokundi-Gwadar road corridor through close collaboration between the federal government, Government of Balochistan and Mining companies to fast-track logistics connectivity for unlocking Pakistan's mineral export potential.

During a meeting with the senior leadership team of Barrick Mining Corporation, Ahsan Iqbal highlighted the strategic importance of connecting Balochistan's mineral-rich belt with Ports through an efficient road and rail network. He said the proposed corridors would significantly improve transportation infrastructure while facilitating mineral exports and attracting further investment.

Ahsan Iqbal said Pakistan aims to increase its exports to US$100 billion under the National Economic Transformation Plan 2035, with the mining and minerals sector expected to play a significant role in achieving this target. He reaffirmed the government's commitment to facilitating investment and accelerating critical infrastructure development.

The Minister proposed the immediate formation of a joint working group comprising the Ministry of Planning, NHA, Government of Balochistan and mining companies to finalize technical requirements, feasibility, financing and implementation arrangements. He also emphasized the need for detailed topographical and 3D mapping data to accelerate the feasibility study of the missing link.

The Barrick Mining Corporation delegation welcomed the proposed collaboration and discussed the technical requirements, logistics planning and coordination with relevant government authorities for developing the corridor in accordance with applicable regulations and approval procedures.