A renowned US company is planning to invest approximately $200 million in curating, processing, distributing and importing pink Himalayan salt from Pakistan.
Pakistan is one of a few countries of the world which are richly blessed with the natural resources. Salt mines are few of the blessed treasures of God. The country has around 22.22 billion tons of natural resources and Pakistan can earn about $12 billion annually through the export of pink salt.
The Miracle Saltworks Collective Inc (MSCI) conveyed its interest to the Pakistani Embassy in Washington on Friday. Ambassador Masood Khan was contacted and shared the investment plans with him.
An official of Pakistani embassy told the media people that the company was interested in investing in the entire process, from mining to bringing it to the United States of America. It will prepare feasibility and reserve report and will upgrade mining procedures and processes.
It is planning to construct world class processing and packaging facility at the mining site and community development program. ?
The press release of Pakistani embassy in Washington says, The salt mines have an immense potential of kick-starting massive economic activity in the country.
At present, Pakistan earns only $70 million annually through the precious salt due to the absence of policy framework and modern technological expertise including processing, packaging and distribution. The delegation which visited the Pakistani embassy included companys president and CEO Ahmad N.Khan, Vice President Mr.Tad M.Ballantine and members of its governing board.
The President told the Ambassador that multi-pronged solution, featuring public-private partnership under clearly defined policy was being worked out to assist the government in increasing the pink salt exports.