KSA’s Anfal Group to set up $150m mineral complex in Punjab

ISLAMABAD: In a positive development, the Anfal Group from the Kingdom of Saudi Arabia (KSA) is going to establish a mineral complex near Khushab in Punjab with an investment of $150 million.

Anfal Group, encompassing Anfal Cement and Anfal Rock Salt, is a Saudi company specializing in the production and distribution of cement and rock salt. The company operates under the Saudi Anfal Group and is based in Riyadh, Saudi Arabia. It also deals in mining, processing and distributing rock salt, a valuable mineral used in a variety of industries such as food processing, agriculture and chemicals.

The government of Punjab will complete its facilitation for the Anfal Group by March 15, 2025, as has been desired by SIFC’s (Special Investment Facilitation Council) Executive Committee that met on January 22, 2025, top officials who were part of the meeting told this correspondent.

According to the minutes of the meeting, Secretary Mines and Mineral Punjab updated the SIFC’s Executive Committee that Anfal Group has completed all the formalities, and the issuance of allotment letter and work order will be discussed and finalized in the Ministerial Committee scheduled for next week. As per the decision of SIFC, the government of Punjab will expedite the issuance of an allotment letter

and work order to kickstart the project by March 15, 2025.

Meanwhile, the Pakistan Minerals Investment Forum 2025 (PMIF25) is going to be held in the federal capital on April 8-9, which will be attended by foreign and local investors, leading corporations, policymakers, international diplomats, financial organisations and industry experts to explore lucrative opportunities in the country’s mining sector.

The Oil and Gas Development Company Limited (OGDCL), in collaboration with the federal government and strategic partners, will organizse the PMIF25 at the Jinnah Convention Centre in Islamabad. The forum will serve as a premier platform for global stakeholders to explore investment opportunities in Pakistan’s emerging minerals sector and unlock the country’s vast mineral potential, says a press release.

During the event, the federal government will formally unveil Pakistan’s newly developed, investor-friendly National Minerals Harmonisation Framework 2025. This policy framework aims to attract investment in the country’s mineral sector.