The move aims to attract American investment and technology transfer, as Islamabad seeks to highlight the untapped potential of its vast mineral resources.
This development emerged during a high-level meeting between Pakistan’s Finance Minister Muhammad Aurangzeb and Robert Lewis Strayer II, President of the U.S. Critical Minerals Forum. The meeting was also attended by U.S. Embassy Chargé d’Affaires Natalie Baker and senior officials from the Ministry of Finance.
Both sides exchanged views on collaboration opportunities in mining, enhancing supply chain security, and encouraging responsible investment in Pakistan’s mineral industry.
Minister Aurangzeb emphasized Pakistan’s improving economic stability, ongoing legal and regulatory reforms, and a conducive environment for international investors. He stated that a robust mineral policy could help Pakistan transition from consumption-driven economic cycles to export-led growth, thereby reducing pressure on the balance of payments.
The minister also highlighted Pakistan’s strategic partnerships with major global players including the United States, China, and Saudi Arabia. Robert Strayer explained that the U.S. Critical Minerals Forum is working to establish a secure and transparent supply chain for American industries, mitigate investment risks in rare earth elements, and promote technology transfer and intellectual property protection.
The U.S. delegation praised Pakistan’s strong capabilities in science, engineering, and mathematics, describing them as a competitive global advantage, and recognized the country’s potential to emerge as a future hub for critical minerals.
The meeting concluded with both sides reaffirming their commitment to continued cooperation and sustainable development in Pakistan’s mineral and mining sector.
