Prime Minister Imran Khan chaired a high level meeting regarding mineral development framework here today. Prime Minister said that minerals sector holds huge potential and offers good returns for investment. It can contribute towards overall economic growth of the country. He emphasized that a coordinated effort is required to beef up efforts for minerals development between the federation and provinces. The Prime Minister directed that a focal person be appointed at the earliest to act as a bridge between the federal and provincial governments and to supervise implementation of minerals’ development framework. The Prime Minister stated that international models be studied for lessons learning and capacity building of indigenous human resource to be employed for minerals’ development. The Prime Minister directed that goals and targets of the mineral development framework be completed within their allocated timelines. Earlier, Secretary Petroleum briefed the meeting about Strategic Plan for Mineral Development. It was informed that presently the minerals’ sector contributes less than 1% to the GDP and implementation of the strategic plan will enhance share of minerals to 10% of GDP over the next 15 years. The plan consists of harmonizing federal and provincial efforts, technical outreach, database development, fiscal incentives, training indigenous human resource and legal framework. The strategic plan is further categorized into short, medium and long term targets. The meeting was attended by Federal Ministers Shaukat Fayaz Tarin, Muhammad Hammad Azhar, Asad Umer, Advisor on Commerce Abdul Razaq Dawood, SAPM Dr. Shehbaz Gill, DG FWO and senior federal and provincial officers.
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