Comment by Riaz Haq on September 17, 2024 at 9:36am

USGS: Pakistan Mining Industry 2019

https://pubs.usgs.gov/myb/vol3/2019/myb3-2019-pakistan.pdf

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2018. In fiscal year 2019 (July 1, 2018, through
June 30, 2019), the mining and quarrying sector contributed
2.6% of the GDP and the growth rate of the mining and
quarrying sector was negative 1.96% compared with 7.72% in
fiscal year 2018 (International Monetary Fund, 2020; State Bank
of Pakistan, 2020a, p. 18–19; 2020b, p. 8; 2020d, p. 3).
The total import value in fiscal year 2019 was $54.8 billion
compared with $60.8 billion in fiscal year 2018. The import
value of mineral fuels, oils, and their distillation products was
$16.0 billion; iron and steel, $3.38 billion; articles of iron or
steel, $840 million; and aluminum and articles of aluminum,
$349 million. The total export value in fiscal year 2019 was
$23.0 billion compared with $23.2 billion in fiscal year 2018.
The export value of mineral fuels, oils, and their distillation
products was $477 million; salt, sulfur, lime, and stone,
$463 million; and copper and articles of copper, $269 million
(State Bank of Pakistan, 2020c, p. 123–124).

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In 2019, the production of lignite was estimated to have
increased by 180%; lead (mine, Pb content), by 68%; feldspar,
by 61%; chromium (mine, Cr2
O3
content), by 46%; zinc (mine,
Zn content), by 39%; talc, by 38%; lead (secondary, refinery),
by 33% (reported); soda ash, by 27%; bentonite, by 24%;
kaolin, by 17%; and sand and gravel (industrial, silica), by 12%.
In contrast, the production of fuller’s earth was estimated to
have decreased by 85%; dolomite, by 57%; bauxite, by 49%;
iron oxide pigment, by 47%; magnesite, by 39%; sulfur (native),
by 38%; pumice, by 33%; raw steel, by 30% (reported);
limestone, by 22%; iron (mine, Fe content) and phosphate rock
(gross weight), by 20% each; barite, by 15%; sand and gravel
(industrial, unspecified), by 13%; rock salt, by 12%; and quartz,

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Copper and Gold.—In 2019, Metallurgical Corporation
of China Ltd. (MCC) applied for an extension of its mining
license for the Saindak copper-gold mine, which was set to
expire in 2022. MCC operated the Saindak Mine through a
50%-owned subsidiary, Saindak Metals Ltd. The company
produced 13,049 metric tons (t) of copper (mine, Cu content)
in 2019, which was an increase of 4.1% from the 12,538 t
produced in 2018. MCC mined mainly the south and north ore
bodies using open pit mining; the deposits were expected to be
depleted of minable resources after 2021. The east ore body of
the mine was estimated to have 278 million metric tons (Mt)
of ore and an expected mine life of 19 years. The exports of
copper and articles thereof from Pakistan to China increased to
$550 million in 2019 from $106 million in 2016

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Natural Gas.—Pakistan was in the process of building five
liquefied natural gas (LNG) terminals that were expected to
start operation in 2021 or 2022. The new terminals would triple
Pakistan’s LNG imports and help lessen the gas shortage in
the country. Pakistan had been subject to shortages of natural
gas for power generation, fertilizer production, and household
usages owing to the country’s inability to supply enough gas
from domestic resources, its aged distribution network, and the
difficulty in sourcing LNG cargoes (Nickel, 2019; Abbasi, 2020;
Mohanty and others, 2021).
Petroleum.—Eni Pakistan Ltd. (owned by Eni S.p.A. of Italy,
as operator), Exploration and Production Pakistan BV, Oil and
Gas Development Co., and Pakistan Petroleum Ltd. each held a
25% interest in the Kekra-1 well of the Indus Block G. In 2019,
the consortium ended exploration at the Kekra-1 well after
no reserves of petroleum were found (Hassan, 2019; Rarrick,
2019).

Comment by Riaz Haq on April 26, 2025 at 8:24pm

Kuwait joins Pakistan offshore bids

https://tribune.com.pk/story/2541890/kuwait-joins-pakistan-offshore...


ISLAMABAD:
Kuwait Foreign Petroleum Exploration Company (Kufpec) has decided to participate in Pakistan's offshore bidding round. Already, the company has been in Pakistan since 1987 and has invested $1.5 billion cumulatively.

A high-level meeting was held between Federal Minister for Petroleum Ali Pervaiz Malik and Ali Taha Al-Temimi, Country Manager of Kufpec and Chairman of the Pakistan Petroleum Exploration & Production Companies Association (PPEPCA). The meeting focused on strengthening collaboration in Pakistan's oil and gas sector, enhancing exploration activities, and addressing key challenges to enhance exploration activities.

———-



Ali Taha Al-Temimi, representing Kufpec – a leading international exploration company and a subsidiary of Kuwait Petroleum Corporation – appreciated the government's efforts and shared insights on optimising hydrocarbon exploration to meet Pakistan's growing energy demand. He apprised that Kufpec is aiming to participate in the offshore bidding round of Pakistan. Moreover, he briefed on the ongoing activities of the company in the country. Since 1987, Kufpec has invested $1.5 billion cumulatively.

Comment by Riaz Haq on July 30, 2025 at 4:17pm

Trump Truth Social Posts On X
@TrumpTruthOnX
We are very busy in the White House today working on Trade Deals. I have spoken to the Leaders of many Countries, all of whom want to make the United States “extremely happy.” I will be meeting with the South Korean Trade Delegation this afternoon. South Korea is right now at a 25% Tariff, but they have an offer to buy down those Tariffs. I will be interested in hearing what that offer is.

We have just concluded a Deal with the Country of Pakistan, whereby Pakistan and the United States will work together on developing their massive Oil Reserves. We are in the process of choosing the Oil Company that will lead this Partnership. Who knows, maybe they’ll be selling Oil to India some day!

Likewise, other Countries are making offers for a Tariff reduction. All of this will help reduce our Trade Deficit in a very major way. A full report will be released at the appropriate time. Thank you for your attention to this matter. MAKE AMERICA GREAT AGAIN!

https://x.com/TrumpTruthOnX/status/1950654905804279830

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Trump Says Pakistan Deal Done, South Korea Is Close

https://www.wsj.com/livecoverage/fed-meeting-interest-rate-decision...


The U.S. and Pakistan have concluded a trade pact, President Trump said Wednesday, adding that a deal could be close with South Korea.

Trump said on Truth Social that the U.S. has “concluded a Deal with the Country of Pakistan, whereby Pakistan and the United States will work together on developing their massive Oil Reserves,” and is in the process of choosing a company to lead the partnership.

Trump also said he would meet with a South Korean delegation on Wednesday afternoon, who would bring an offer to “buy down” the 25% tariffs Trump has threatened to impose Aug. 1. Trump has previously pressed others to commit funds to build infrastructure and energy projects in the U.S., including the European Union and Japan.

Trump provided no further detail, but said "a full report" would be released "at the appropriate time."

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