Pakistan has blessed with an abundance of rich minerals. These minerals are valuable and demanded worldwide. In recent years, Pakistan has become an important player in mineral exports. The increase in exports has also become an essential reason for the country’s economic growth, especially in 2023.
The minerals export industry plays a pivotal role in providing new job opportunities. Overall, the country has a huge potential for export growth. Minerals export is the most valuable form of export. That can enhance economic prosperity. The government in Pakistan always encourages investors/businesses to meet the export potential of the country.
Mineral extraction promotes economic expansion. It also brings money to the government in the shape of taxes. All types of manufacturing industries are linked with mining. The growth in the mining sector always has a positive impact on the other existing industries in the country. The mining industry has a great potential in Pakistan.
Numrous minerals, including coal, copper, gold, chromite, mineral salt, bauxite, and numerous more, are found in Pakistan. The mineral resources of Pakistan are found in all parts of the country. In Pakistan, there are around 5,000 mines. A study states that 600,000 square km of mineral resources are available in Pakistan. Out of all the Pakistani provinces, Baluchistan has the biggest mineral reserves; Sindh is rich in coal deposits, while Khyber Pakhtunkhwa is rich in raw gold and chromite reserves.
Chromite is among the most precious metals. There is a great need for this reserve all across the globe. Worldwide manufacturing firms love to use chromite reserves as a catalyst and an oxidant material. More than 226.8 Million metric tons of chromite is found in Pakistan. China, the USA, and the UK are the major exporters of chromite reserves from Pakistan.
Iron ore is also among the most precious mineral that is found in Pakistan. Iron reserves are known as the high-quality demanded minerals that have great aspects in the manufacturing industry. In Pakistan, more than 1.5 billion of iron reserves are found. In 2015, a huge reserve of Iron ore was found in Chiniot Pakistan. Raw iron ore is highly demanded by firms engaged in manufacturing business. It’s an essential part of the industrial sector, especially for the cement industry. Pakistan has a bright future when it comes to exports of iron ore. Exports of iron reserves will increase foreign currency. This will also help to overcome the financial deficit.
As we all know Pakistan has tremendous potential in terms of Himalayan salt reserves. Pink salt is also found in raw form. Pakistani businesses have always loved to export top quality Himalayan pink salt to other parts of the world. Khewra salt range mines are among the oldest salt range mines in the world. The salt in these mines is 99% pure and used for export purposes. Pakistani exporters are keen to export this precious pink salt reserves to the world. This will increase the foreign reserves, and will eventually help to reduce fiscal deficit. Mining was considered a small industry back in 2010. In 2023, Pakistani exporters have a great amount of potential to import salt-related products all across the globe. They can earn a substantial amount of revenue out of it.
Most of the time, minerals like coal and iron are found near the surface. These minerals are extracted by using the open-cast mining process. After the extraction, these minerals are loaded into trains and wagons.
Adit mining is like opening a passage into the earth's crest. Horizontal tunnels are dug down into the surface until the minerals are found. The passage might be a horizontal one or a slope up. The minerals are carried out through a valley or hill.
Vertical shafts are dug down into the surface. These might be longer than 200 meters. This method of mining is expensive and takes so much time. Both metallic and non-metallic minerals are found in Pakistan. Importers contracted with mining firms and drew out their desired minerals.
Well, exporting mining products is always a lucrative business. Pakistan's economy will surely grow if quality imports are done by the exporters.
