Rs 28 Mln Being Spent To Evaluate Metallic Minerals In Balochistan

Rs 28 mln being spent to evaluate metallic minerals in Balochistan

ISLAMABAD, Jan 5 (UrduPoint / Pakistan Point News - 05th Jan, 2017 ) : The government has launched an ambitious plan for extensive evaluation of metallic minerals' potential existing in Bela and Uthal areas of district Lasbeela, Balochistan.

"Funds amounting to Rs 28.700 million are being utilized in exploration and evaluation of metallic and minerals in the selected areas of Balochistan province," official sources in the Ministry of Petroleum and Natural Resources told APP.

Answering a question, they said the ministry was consistently offering investment opportunities in the mineral sector and extending maximum incentives to local as well as foreign investors.

Inviting investors, the sources said tremendous potential existed for investment in scientific mining, cutting and polishing for value addition of gemstone from the known localities and for exploration of new sites.

The northern and northwestern parts of the country are shrouded by the three world-famous mountain ranges called Hindukush, Himalaya, and Karakorum, from where nearly all the minerals, which Pakistan is currently offering to the world market, have been found so far.