Australia proposes joint ventures in mining sector
Australia has proposed the formation of joint ventures with Pakistani companies to tap into the potential of minerals-rich mining sector.
The Australian high commissioner on Monday expressed strong interest of Australian mining companies in Pakistani regions having vast deposits of natural resources. He proposed collaboration between Australian universities, mining firms and Pakistani institutions for devising specialised training programmes to introduce modern mining techniques and services. This initiative is aimed at enhancing local expertise and supporting the development of Pakistan's mining sector.
Federal Minister for Petroleum Ali Pervaiz Malik held a meeting with Australian High Commissioner Neil Hawkins at the Ministry of Petroleum, where discussions centred around expanding bilateral cooperation in energy and mining, with a particular focus on investment, technology transfer and skills development. Ali Pervaiz Malik emphasised Pakistan's commitment to enhancing energy security and welcomed Australian expertise in mining and renewable energy projects. He highlighted investment opportunities for Australian firms in Pakistan's growing energy sector.
"Pakistan values Australia's advanced mining capabilities and technical knowledge. We welcome partnerships that build local capacity and attract investment in our mineral and energy sectors," Malik remarked and assured the envoy of his full support for such collaborations.
The high commissioner appreciated the recent economic strides made by Islamabad. He mentioned that the improving current account surplus and profit repatriation restored the confidence of multinational companies working in Pakistan.
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