The Pakistan Mineral Development Corporation (PMDC) () is a semi-autonomous corporation attached to the ''Ministry of Petroleum and Natural Resources'', of the

Government of Pakistan The Government of Pakistan () (abbreviated as GoP), constitutionally known as the Federal Government, commonly known as the Centre, is the national authority of the Islamic Republic of Pakistan, a federal republic located in South Asia, con ...

. It was created in 1973 with an authorized capital of

Rs. Rupee (, ) is the common name for the currencies of India, Mauritius, Nepal, Pakistan, Seychelles, and Sri Lanka, and of former currencies of Afghanistan, Bahrain, Kuwait, Oman, the United Arab Emirates (as the Gulf rupee), British East Afri ...

1,000 million (approximately 10 million U.S. dollars) to expand and help mineral development activities in the country.Govt takes stringent measures for uplift of minerals sector
The Nation (Pakistani newspaper), Published 13 October 2021, Retrieved 15 November 2021 PMDC headquarters are in

Islamabad Islamabad (; , ; ) is the capital city of Pakistan. It is the country's tenth-most populous city with a population of over 1.1 million and is federally administered by the Pakistani government as part of the Islamabad Capital Territory. Bu ...

. The company operates salt mine/quarries, coal mines and a silica sand quarry. This company conducts exploration of mineral deposits and prepares technical and economic feasibility reports. When needed and appropriate, it goes ahead and actually mines and markets the minerals in Pakistan.

Recent developments

In October 2021, the

Imran Khan Imran Ahmed Khan Niazi (born 5 October 1952) is a Pakistani politician, philanthropist, and former cricketer who served as the 19th prime minister of Pakistan from August 2018 until April 2022. He was the founder of the political party Pak ...

government announced plans to take "radical and innovative measures for uplift of the minerals sector with coordinated efforts of all stakeholders including provincial authorities". A senior Pakistani government official said, "The country is blessed with 92 minerals, out of which 50 are exploited on commercial basis. The new initiatives will greatly help exploit true potential of this sector". This official also announced that the federal government had already established the 'Balochistan Minerals Exploration Company Limited' (BMEC) as a joint venture with the Government of Balochistan (Pakistan) to promote mining in the mineral rich province of Balochistan. Additionally, a restructuring of

Geological Survey of Pakistan Geological Survey of Pakistan (GSP) is an independent executive scientific agency to explore the natural resources of Pakistan. Main tasks GSP perform are Geological, Geophysical and Geo-chemical Mapping of Pakistan. Target of these mapping are r ...

(GSP) was underway for better service to help explore more mineral resources in Pakistan.

References

External links

Pakistan Mineral Development Corporation Official Site
Government-owned companies of Pakistan Pakistan federal departments and agencies 1974 establishments in Pakistan Mining in Pakistan {{Pakistan-company-stub

Recent developments

See also

References

External links