Federal Minister for Board of Investment (BOI), Mr. Qaiser Ahmed Sheikh, held a meeting with a delegation of Elaman Group from the Republic of Kazakhstan to discuss investment opportunities in Pakistan’s mining sector, particularly placer gold mining in Gilgit-Baltistan (GB).
The Federal Minister warmly welcomed the delegation and appreciated their keen interest in Pakistan’s mineral sector. During the meeting, the Elaman Group expressed its intention to immediately invest USD 20 million in placer gold mining projects in Gilgit-Baltistan, with prospects of further investment in subsequent phases.
The delegation informed that they have already conducted preliminary studies of the Gilgit-Baltistan region and identified strong potential for placer gold exploration and development. They also shared plans to introduce latest mining technologies in collaboration with their Chinese counterparts, ensuring efficient, sustainable, and environmentally responsible mining practices.
Federal Minister Qaiser Ahmed Sheikh, along with Additional Secretary-I BOI, Mr. Zulfiqar Ali, assured the delegation of full facilitation at both federal and provincial levels, including regulatory support, coordination with relevant authorities, and assistance through BOI’s single-window operations. The Minister encouraged such foreign investment ventures, highlighting their importance for economic growth, job creation, and regional development.
The Elaman Group also emphasized its commitment to Corporate Social Responsibility (CSR) and community development initiatives along the mining sites, focusing on local employment, skills development, and social uplift.
It was further shared that discussions regarding a joint venture with local partners have already been finalized, paving the way for smooth project implementation in compliance with Pakistan’s legal and regulatory framework.
The Federal Minister reaffirmed that the Board of Investment remains fully committed, under his leadership, to facilitating foreign investors and promoting responsible and sustainable investment in Pakistan, in line with the Government’s vision for economic revival and development.
