Sardarzada Umair Muhammad Hassani, Adviser to the Caretaker Chief Minister of Balochistan on Minerals, announced today that the government is set to implement a comprehensive Mines and Minerals Policy aimed at safeguarding the rights of local residents and attracting investments to foster the development of the province.
Speaking at a press conference held at the Mines and Minerals Department office in Hub, Adviser Hassani emphasized the importance of modernizing the mining sector in Balochistan to tap into its immense investment potential and extract minerals in a more efficient and contemporary manner.
One of the key objectives of the policy is to substantially increase the annual royalty income of the Mining and Mineral Department to an impressive Rs15 billion. To achieve this, the mining sector will be infused with artificial intelligence engineering, a move that is expected to revolutionize mining operations in the region.
Adviser Hassani also revealed that a robust mechanism is being established to ensure the judicious utilization of funds by mining companies, with the aim of fostering innovation within the industry.
In his closing remarks, Hassani stated his intention to personally visit Dera Bugti, Chagai, and Loralai in the near future to assess the progress of mineral resource development in these areas and address the concerns of local communities. He expressed his commitment to keeping the caretaker chief minister informed about these developments.
The new Mines and Minerals Policy marks a significant step forward for Balochistan, holding the promise of increased investment, technological advancement, and economic growth in the region.
