Shehbaz Sharif: Pakistan’s Mineral Wealth Could End IMF Reliance

PM Eyes Trillions in Untapped Resources to Transform Economy

Prime Minister Shehbaz Sharif believes Pakistan’s vast mineral reserves could be the key to economic independence. They could potentially end the country’s reliance on global lenders like the IMF. Speaking at the Pakistan Minerals Investment Forum 2025 in Islamabad, Sharif stressed one point. Pakistan could become a global force in the mining industry. He emphasized the importance of having the right strategy to achieve this goal.

The forum attracted nearly 300 international participants. Delegates attended from both China and the US. This underscores global interest in Pakistan’s natural resource potential.

Trillions in Mineral Wealth Waiting to Be Unlocked

Sharif claimed that Pakistan’s mineral resources are vast. They range from rare earth elements and industrial minerals to precious stones. These resources could be worth trillions of dollars. He specifically pointed to promising sites like Reko Diq. The copper-gold deposits in Balochistan’s Chagai district were recently identified by National Resources Limited (NRL).

If these resources are developed strategically, he said, Pakistan could finally escape the “debt trap” and dependence on financial institutions.

Government Promises Support, Local Processing

The Prime Minister also assured that mining investors would receive full support from the government. He emphasized the need for collaboration between federal and provincial authorities. State institutions and the military should also work together to realize this economic transformation.

Sharif revealed plans to limit the export of raw minerals and instead promote value-added processing within the country. This move is intended to establish a stronger industrial base and generate higher revenues from exports.

Aiming for a Global Role

Deputy Prime Minister Ishaq Dar echoed Sharif’s optimism. He stated that Pakistan has the geographic and resource advantage. This positions the country as a key player in reshaping global supply chains. He promised investor-friendly policies and reassured stakeholders that their interests would be protected throughout the sector’s development.