Over Rs271bn mining projects approved

LAHORE: Punjab Mines & Minerals Department has approved four public-private partnership projects worth over Rs271 billion.

The approval was made in a meeting chaired by Secretary of Mines and Minerals Pervez Iqbal here Tuesday. The meeting also decided to conduct a pre-feasibility study for these projects, which will pave the way for new advancements in the mining sector.

Speaking at the meeting, Secretary Pervez Iqbal stated that under the leadership of Chief Minister Maryam Nawaz, the Mines Department is launching large-scale projects under the Public-Private Partnership model for the first time in its history.

These projects aim to ensure the efficient use of mineral resources in the province while providing investors with a stable and sustainable business environment. He emphasised that these projects would play a vital role in attracting foreign investment and strengthening the national economy. Under the vision of the Punjab government, these projects will be executed with complete transparency and in strict adherence to international standards to maintain the confidence of all stakeholders.

Pervez Iqbal highlighted that the Public-Private Partnership model presents an excellent investment opportunity, which will not only boost the mining sector but also create new employment opportunities. He reaffirmed the mines department’s commitment to ensuring the successful completion of these projects through all necessary measures.