Finance Minister Asad Umar has directed the Board of Investment and Ministry of Petroleum to expedite consultation with the government of Baluchistan for the development of mining sector in collaboration with foreign investors
Islamabad (Pakistan Point News / Online - 25th March, 2019) Finance Minister Asad Umar has directed the board of Investment and Ministry of Petroleum to expedite consultation with the government of Baluchistan for the development of mining sector in collaboration with foreign investors.He was chairing the meeting of the Steering Committee of Economic Pillar of Saudi-Pakistani Supreme Coordination Council (SPSCC), which was held here on Monday to review and discuss the progress on implementation of Memoranda of Understanding (MoUs), signed during the visit of Saudi Crown Prince, Mohammed Bin Salman to Pakistan in mid February this year , on oil, alternate energy and minerals and mines.
The meeting took various decisions in order to implement the MoUs on fast track basis.The concerned Ministries were directed to appoint dedicated focal person for enhanced coordination among Ministries and Provincial Governments so that the agreed measures could be implemented in a more efficient and swift manner.The Secretaries of Petroleum & Power apprised the meeting of the progressmade on the MoUs signed with the Saudi side during the high level visit.
Ministry of Petroleum would provide all possible assistance to the provincial government in this regard.The meeting decided that the economic pillar of SPSCC would be hosted by Board of Investment (BoI) and the Board would help in expediting the implementation process of the MoUs. The Board would review the implementation status of MoUs in the first week of each month. The Committee will meet after two weeks to discuss and review the proposals to be submitted by the respective ministries.
