Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
    Squid Game Season 3
    Videos

    Squid Game Season 3: Final Trailer Unveils Epic Plot

    June 14, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: COAS Advocates for Economic Revival through Mineral Resource Exploration
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
COAS at Mineral Conference
PhotoNews Pakistan > Pakistan > COAS Advocates for Economic Revival through Mineral Resource Exploration
PakistanTop News

COAS Advocates for Economic Revival through Mineral Resource Exploration

Web Desk
By Web Desk Published August 1, 2023 3 Min Read
Share
SHARE

Pakistan’s Chief of Army Staff (COAS), General Syed Asim Munir, in his address at the Pakistan Minerals Summit, has appealed to all stakeholders to contribute towards economic revival.

COAS also urged international investors to tap into Pakistan’s abundant mineral reserves, saying, “We must never lose hope”.

General Munir highlighted the vast mining opportunities in the country, calling for combined efforts to realise them. He assured an investor-friendly environment by easing business operations and eliminating unnecessary delays. With the inauguration of Pakistan’s first mineral summit, he remarked on the laid down rules to ease business for both domestic and foreign investors, recognising mineral projects as critical to success.

General Syed Asim Munir, Chief of Army Staff (COAS), important speech at “Pakistan Minerals Summit”#COAS invites foreign investors to play their role in exploring the hidden reserves of #Pakistan & to fully utilise this potential….#PakistanArmy #ISPR

…..as the country is… pic.twitter.com/itLeYNKLMK

— Pakistan Armed Forces News 🇵🇰 (@PakistanFauj) August 1, 2023

Prime Minister Shehbaz Sharif, speaking at the summit, underscored the need to explore untapped resources, including vast natural minerals, and to develop sectors like agriculture, IT, and industry. He expressed regret that despite an estimated worth of $6 trillion in natural deposits, Pakistan had not fully capitalised on these resources in its 75-year journey.

He referred to the establishment of Pakistan Steel Mills with Russian support in the 70s and the development of the Thar coal mines reserves. Yet, he also recalled the setback of a $10 billion penalty imposed on Pakistan in the Reko Diq case, which, if enforced, would have exhausted the country’s foreign reserves.

The Special Investment Facilitation Council and Economic Revival Plan

In June, PM Sharif established the Special Investment Facilitation Council (SIFC), which includes the army chief, federal ministers, and other stakeholders. The council is designed to supplement the government’s efforts to address the country’s economic challenges.

An ‘Economic Revival Plan’ has also been unveiled to capitalise on Pakistan’s untapped potential in key sectors, expedite development projects, and facilitate investment, in an attempt to steer the country out of an economic crisis. Pakistan’s foreign exchange reserves have seen an uptick after receiving the first instalment of $1.2 billion from the IMF, under a short-term standby arrangement, and inflows from allies like Saudi Arabia and the UAE.

The country’s liquid foreign reserves stand at $13.534 billion, the highest level since October 2022, bolstering the nation’s balance of payments and investor confidence in the economy.

TAGGED:COASFeatured
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

New iPhone 17 Series

iPhone 17 to Boast Larger 6.3-Inch 120Hz Display, Tipster Reveals

MI6’s New Chief Blaise Metreweli

New MI6 Chief’s Grandfather Was Nazi Spy ‘The Butcher,’ Reports Reveal

Sri Lanka Bangladesh Test 2025

Sri Lanka Crushes Bangladesh by Innings and 78 Runs in Colombo Test

Iran state funeral 2025

Iran Holds State Funeral for 60 Killed in Israel Conflict

Diddy trial daughters 2025

Diddy’s Daughters Break Down as Sex Trafficking Trial Nears Verdict

Post Archives

More Popular from Photonews

Chinese satellite internet
Offbeat

Mysterious Signal from “Dead” Relay 2 Satellite Stuns Scientists

2 Min Read
Cardi B Stefon Diggs
Entertainment

Cardi B Confirms Romance with Stefon Diggs in a Unique Style

2 Min Read
US bunker-buster Iran Fordow
Top NewsWorld

U.S. Dropped 5-6 Bunker-Buster Bombs on Iran’s Fordow Nuclear Plant, Trump Says

3 Min Read
Entertainment

Love Island USA Season 7 Casa Amor Twist Introduces 11 New Bombshells

Love Island USA Season 7, streaming on Peacock, unleashed its iconic Casa Amor twist in June…

June 25, 2025
Khyber Pakhtunkhwa

Khyber Pakhtunkhwa Unveils 10-Year Age Relaxation Policy for Public Sector Jobs

Khyber Pakhtunkhwa announced a 10-year age relaxation policy for public sector jobs, boosting inclusivity. The Khyber…

June 22, 2025
Pakistan

Imran Khan’s Solitary Confinement in Adiala Jail KP MPAs’ Call for Protest

On June 23, 2025, Aleema Khan revealed Imran Khan’s ongoing solitary confinement in Adiala Jail, prompting…

June 23, 2025
Business

PSX KSE-100 Surges 1,581 Points as Budget Approval Boosts Sentiment

On June 27, 2025, the Pakistan Stock Exchange (PSX) showcased a robust performance, with the KSE-100…

June 27, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?