Pakistan’s Mining Sector Set for Rapid Growth, Could Reach $6–8 Billion by 2030

Pakistan’s mining industry is poised for a major transformation, with annual revenues expected to grow from $2 billion today to $6–8 billion by 2030, experts say. The country’s vast untapped mineral reserves present a unique opportunity for investors and local companies to lead the way.

This message was highlighted by Shamsuddin A. Shaikh, CEO of National Resources Limited (NRL), during his keynote at the Natural Resources & Energy Summit 2025 in Karachi.

“Pakistan contributes just 0.15% to global mineral output and 2–3% to GDP, yet nearly 90% of its 92 known minerals remain unexplored,” Shaikh said. “Now is the time for joint ventures and partnerships to create wealth and jobs at home.”

Major projects already underway include:

• Reko Diq: $4–5 billion annually

• Siah Diq: $1–2 billion

• Thar Coal Expansion: $200 million

• Barite, Lead, and Zinc Projects: $100 million

Shaikh added that copper and gold exploration in Chagai could generate an additional $5–10 billion beyond 2030.

Other summit speakers stressed the wider socio-economic benefits of mining, including job creation, improved infrastructure, education, and energy security. Insurance executives highlighted the importance of risk management to sustain billion-dollar projects, while industry leaders emphasized the role of governance, regulation, and technology in unlocking the sector’s full potential.

The summit, themed “Powering Progress: Risk, Resilience, and Innovation in Energy and Emerging Resource Sectors,” brought together policymakers, CEOs, investors, and international experts to discuss strategies for leveraging Pakistan’s mineral wealth responsibly.

Shaikh concluded: “This is Pakistan’s moment. With aligned policies, local investment, and responsible mining, the sector can become a $10 billion-plus industry that drives growth, stability, and national pride.”