Author(s)

Muhammad Tayyab Sohail, Delin Huang, Earl Bailey, Malik Muhammad Akhtar, Muhammad Afnan Talib

School of Public Administration, China University of Geosciences, Wuhan, China.
Schools of Environmental Studies, Institute of Geophysics & Geomatics, China University of Geosciences, Wuhan, China..

This paper presents a scenario for mineral resources and development in this sector in Pakistan. Moreover it mainly comprises of the policies regarding the location of minerals, their extraction, and at the end there are some important suggestions for the Chinese companies as far as the investment point of view is concerned. Regardless of Pakistan’s two successive mineral policies and abundant mineral resources, this sector’s contribution to overall GDP of country is not sufficient. The reasons may be; inadequate monitoring and evaluation, lack of community base resources management programs, insufficient tax compliance, political instability, weather related problems, insecurity within mineral rich areas and lack of foreign investment in the country. However, there is still room for improved technical and economic analysis of the sector as well as tremendous opportunities for Joint Venture Agreement with other emerging economies and international private partners. China has its own importance and reorganization in the world due to its economic growth and production. Pakistan and China both countries have very good relation from the beginning. Both countries help each other, if there is any need of help. There is still time to realize the national development benefits from the sector.

 

Minerals Resources; Pakistan; Policy; Joint Venture Agreement; Industry

M. Sohail, D. Huang, E. Bailey, M. Akhtar and M. Talib, "Regulatory Framework of Mineral Resources Sector in Pakistan and Investment Proposal to Chinese Companies in Pakistan," American Journal of Industrial and Business Management, Vol. 3 No. 5, 2013, pp. 514-524. doi: 10.4236/ajibm.2013.35059.