Seminar on “Development and Promotion of Mineral Sector in Punjab” held at Lahore Chamber of Commerce and Industry

Lahore, September 08, 2016 (PPI-OT):Punjab is abundant with huge minerals which could change the faith of the country and the provincial government is working day and night to develop these resources for economic boost of the country. This was stated by the Provincial Minister for Mines and Minerals Ch. Sher Ali while addressing a seminar on “Development and Promotion of Mineral Sector in Punjab” here at the Lahore Chamber of Commerce and Industry.

The seminar, which was organized by the Lahore Chamber of Commerce and Industry in collaboration with Punjab Mineral Development Corporation, also addressed by the LCCI Vice President Nasir Saeed, Chairman Punjab Mineral Development Corporation Mian Nauman Kabir, Secretary Mining and Minerals, Dr. Arshad Mahmood, Chairman TEVTA Irfan Qaiser Sheikh, former LCCI Presidents Mian Anjum Nisar, Sohail Lashari, former Vice Presidents Syed Mahmood Ghaznavi, Abuzar Shad, Principal Earth College, Punjab University Dr. Sajid Rasheed, renowned geologist Professor Dr. M. Nawaz and experts from mines and mineral sectors.

Provincial Minister said that Punjab has largest reserves of coal, limestone, rock salt, iron and copper core and various other minerals which are being used for industrial production. He said that Chief Minister Punjab Shahbaz Sharif is focusing on infrastructural development in mining sector to attract much-needed foreign investment.

He said that basic objective of restructuring mines and mineral sectors is to give it latest technology. He said that only skilled human resources can maximize output therefore Punjab government is taking a lot of measures in this regard. He said that concrete measures are being taken for the protection of mineworkers.

Chairman Punjab Mineral Development Corporation Mian Nauman Kabir said that as per vision of the Chief Minister Punjab Mian Shahbaz Sharif, round the clock work is being done for making Punjab Mineral Development Corporation a vibrant institution and concept of public private partnership is being promoted. He said that PUNJMIN has planned to multiply production of minerals. He said that PUNJMIN has also collected the data regarding natural resources and mines. He said that Punjab province has a lot of potential in natural resources and there are a lot of opportunities for the local and foreign investors.

The LCCI Vice President Nasir Saeed said that Lahore Chamber has always tried to play a pivotal role in the development of Mining and Minerals in the country. In fact, LCCI has active standing committees who are working for the benefit of different sectors like Iron and steel, Marble, Coal and Alternate Fuels and Mining and Minerals.

He said that Pakistan has great reserves from gold to coal but lacks modern technology in mining is coming in the way to avail full benefit from this these blessings. He said that the labour involved in mining sector is not fully trained and equipped with modern techniques. The government has to play a very active and supportive role in the development of this very sector keeping in view the massive potentials which it has and the role which it can play in the development of Pakistan.

He said that there should be a model mine developed by the government to demonstrate the efficient mining technology and cost cuts assuring enhanced safety and productivity. The LCCI VP said that the small scale mine owners should be encouraged to have training on such developed mines. He said that the imposition of sales tax on this sector in not justified. It will surely cause problems for the small mine operators.

He said that the government should review GST for the sake of development in this sector and provide tax holiday to those mine operators who contribute to the power generation based on their coal production. He said that there must be a policy framework made in consultation with the stakeholders for mineral development. He said that the policy should be investment friendly to encourage not the traders rather the investors including the domestic ones by removing all possible hurdles.

Chairman TEVTA Irfan Qaiser Sheikh said that Chief Minister Punjab has given him the task to train 2 million youth till 2018 which would be completed within the given timeframe. Secretary Mining and Minerals, Dr. Arshad Mahmood said that at present 30 to 35 minerals are being excavated which are being used in various industries. He said that lease and contracts system has been made transparent. He told the house that more than 2000 entrepreneurs are working with the mines and mineral department.

For more information, contact:
Shahid Khalil
Information Department
Lahore Chamber of Commerce and Industry (LCCI)
11-Shahrah-e-Aiwan-e-Tijarat,
Lahore -54000, Pakistan
Tel: +92-42-111-222-499
Fax: +92-42-36368854
Website: www.lcci.org.pk