Pakistan, June 13 -- Pakistan has launched a $150 million minerals processing complex in Punjab province in collaboration with Saudi-based Anfal Group, a private industrial company, aiming to reduce chemical imports and expand mineral-based exports, state media reported on Thursday.
The initiative is being facilitated through the provincial government of Punjab and Pakistan's Special Investment Facilitation Council (SIFC)
The new complex is part of Pakistan's push to attract foreign investment into its underdeveloped mineral sector. The project is expected to save Pakistan approximately $2.9 billion annually by substituting chemical imports and will create new export opportunities for processed minerals, including rock salt.
"The project...