PR No. 170 PAKISTAN STONE DEVELOPMENT COMPANY (PASDEC) INKS MOU WITH ZAVER MINING COMPANY, (PVT) LIMITED Islamabad: May 31st, 2018

With an objective to enhance cooperation and carry out joint venture projects in the Marble and Granite sector of Pakistan , a Memorandum of Understanding (MOU) was signed between Pakistan Stone Development Company (PASDEC) and Zaver Mining Company, (Pvt.) Limited – a Group company of the Hashoo Group of Companies. The MOU has been signed by Zahid Maqsood Sheikh, Chief Executive Officer- PASDEC and Mr. Masood ur Rehman, General Manager, Zaver Mining Company, (Pvt.) during a signing ceremony that took place in Islamabad. Speaking at the signing ceremony, Mr. Zahid Maqsood Sheikh said that the country has enormous reserves of Marble and Granite and PASDEC is keen to play its role in the development of the sector in collaboration with the private sector. He also highlighted that such collaborations and partnerships with the corporate sector are essential in order to turn around and inculcate best practices in the marble and granite sector of the country. He further added that the dimension stone sector has huge potential of investment and it is high time for the corporate sector to enter into the untapped market of the Marble & Granite and seize the opportunities being created by CPEC and international demand of the Pakistani stone.

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