Pakistan holds an enormous underground treasure. Planning Minister Ahsan Iqbal recently said the country’s mineral resources are worth more than $7 trillion. This includes copper, gold, rare earth elements, and many other valuable materials the world needs for technology, batteries, and industry.
The minister shared these thoughts during a talk with the Asia Society Policy Institute. He explained that large mining projects require significant upfront investment and take many years to start producing. Because of this, international companies look for stable conditions before they invest. Pakistan’s changing political climate has been a major reason why many foreign firms stay away.
With the economy showing better signs of stability, the government is now trying harder to attract partners. It is talking to American companies through deals like a memorandum with US Strategic Metals, possible support from the US Export-Import Bank, and meetings on critical minerals. At the same time, Pakistan continues strong ties with China, which has already invested heavily through the China-Pakistan Economic Corridor.
Iqbal stressed that developing these minerals could create jobs, increase exports, and help the economy grow. Right now, most minerals leave the country in raw form. The focus is shifting toward processing and adding value inside Pakistan so the nation earns more.
Experts and officials agree the potential is real, but success depends on steady policies, better security in mining areas, and clear rules for investors. If Pakistan can offer a reliable environment, its rich mineral base could become a powerful engine for long-term development and reduce dependence on other sources of income.