On February 20, 2024, Pakistan signed a significant agreement with an American company, Miracle Saltworks Collective Inc., to work together on Himalayan Pink Salt projects.
The partnership involves the Pakistan Mineral Development Corporation, and it covers various aspects of extracting and improving Himalayan Pink Salt.
This collaboration is anticipated to bring a lot of money and benefits to Pakistan, and it might attract investors from other countries who are interested in the growing mineral sector of Pakistan.
Mubarak Khan, who is the Chief Communication Officer of Miracle Saltworks, praised the agreement as proof of the good partnership between the two nations. He mentioned that this teamwork shows how SIFC (possibly referring to a facilitating organization) plays a crucial role in making international cooperation happen.
After the agreement, foreign investors have shown a strong interest in investing in Pakistan. One investor expressed excitement about being part of this innovative project, and another pointed out the significant involvement of Canadian investors.
The Ministry of Energy emphasized that SIFC plays a vital role in encouraging foreign investment in Pakistan. Officials believe that this agreement will open the door for more investment in the country, leading to economic growth.
Local investors are also happy about the agreement, emphasizing the positive economic benefits it will bring to Pakistan. One investor mentioned that the country’s rich reserves of Himalayan Pink Salt are a great source of wealth.
By signing this historic agreement, it is expected that Pakistan will gain more recognition in the global mineral industry. This recognition might attract even more foreign investment, contributing to the growth of Pakistan’s economy.