Pakistan’s Mining Sector Could Generate $6–8 Billion Annually by 2030

KARACHI | September 18, 2025 — Pakistan’s mining industry has the potential to play a transformative role in the national economy, with revenues projected to grow from the current $2 billion to as much as $6–8 billion annually by 2030, industry experts said at the Natural Resources and Energy Summit 2025.

Vast Untapped Reserves

Shamsuddin A. Shaikh, CEO of National Resources Ltd (NRL), highlighted Pakistan’s underutilised mineral wealth in his keynote address. Despite being part of one of the world’s richest mineral belts, Pakistan contributes only 0.15% to global mineral output and just 2–3% to its own GDP. Of the country’s 92 known minerals, nearly 90% remain unexplored.

“This is the time for Pakistani companies and investors to take the lead through partnerships and joint ventures,” Shaikh said. “If we delay, foreign players will seize the opportunity.”

Major Ongoing Projects

Several key projects are already underway, including:

Reko Diq: Potential annual revenue of $4–5 billion.
Siah Diq: Expected to contribute $1–2 billion.
Thar Coal Expansion: Projected at $200 million.
Barite, Lead, and Zinc Projects: Estimated $100 million.

Collectively, these initiatives could add billions of dollars to the economy within five years. Additional copper and gold exploration in Balochistan’s Chagai region could bring another $5–10 billion annually after 2030.

Social and Economic Impact

Shaikh emphasized that responsible mining could deliver broad social benefits, including job creation, better housing, healthcare, and education in underserved areas. “Mining is not just about minerals — it’s about community development and poverty reduction,” he said.

Muhammad Sohail Tabba, Chairman of Lucky Cement, added that rural provinces could see stability and prosperity if mining is developed alongside education and skill-building initiatives.

Role of Insurance and Investment

The summit also highlighted the importance of insurance and risk management.

Hassan R. Muhammadi, Founder of Fidelity Insurance Brokers, noted that the sector can support both local and foreign investors with tailored solutions.
Khurram Ali Khan, CEO of Fidelity Insurance Brokers, underlined that insurance is crucial in keeping large-scale projects sustainable, especially in volatile environments.

Challenges Ahead

Experts warned that without improvements in governance, regulatory frameworks, and skilled human resources, the sector’s potential could be undermined. Issues such as inconsistent policies, climate risks, and lack of innovation must be addressed.

Emerging technologies, including artificial intelligence, were discussed as key tools to strengthen transparency, efficiency, and productivity in the mining sector.

Pakistan’s Moment

Closing his remarks, Shaikh urged decisive action from both government and industry. “With the right policies and investments, mining can grow into a $10 billion-plus industry, driving economic growth, stability, and national pride,” he said.