Pakistan Mining Sector Could Reach $8 Billion by 2030

Pakistan Mining Sector Can Grow to $8 Billion by 2030

Huge Potential in Mineral Reserves

Pakistan’s mining sector has the potential to grow rapidly in the coming years. Experts believe that the industry, currently valued at $2 billion, can expand to $6–8 billion annually by 2030.

Speaking at the Natural Resources & Energy Summit 2025 in Karachi, Shamsuddin A. Shaikh, CEO of National Resources Limited (NRL), said Pakistan is sitting on one of the world’s richest mineral belts.

Currently, mining contributes only 2–3% of GDP and just 0.15% of global mineral output. Out of 92 known minerals in Pakistan, almost 90% remain unexplored.

Key Projects Driving Growth

Several mega projects are already in progress:

Reko Diq: Expected to generate $4–5 billion annually.

Siah Diq: Could add $1–2 billion.

Thar Coal Expansion: Estimated $200 million yearly.

Barite, Lead & Zinc Projects: Around $100 million yearly.

Beyond 2030, copper and gold exploration in the Chagai region could bring an additional $5–10 billion annually.

Benefits Beyond the Economy

Shaikh stressed that mining is not just about money. Responsible mining can bring jobs, housing, education, and healthcare to underdeveloped areas.

Other business leaders at the summit agreed. They called the mining and energy sectors “engines of growth” that can boost foreign exchange and create stability.

Insurance experts also highlighted their role in reducing risks for billion-dollar projects, making it easier for local and foreign investors to participate.

Challenges Ahead

Speakers warned that Pakistan must also focus on governance, policies, climate risks, and skilled workforce development. Without these, the sector’s true potential may remain untapped.

A Defining Moment for Pakistan

The summit theme was “Powering Progress: Risk, Resilience, and Innovation in Energy and Emerging Resource Sectors.” It brought together investors, CEOs, policymakers, and global experts.

Shaikh concluded by saying:

> “This is Pakistan’s moment. If we align policies and responsibly unlock our mineral wealth, mining can become a $10 billion-plus industry that strengthens the economy and creates pride for the nation.”