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Lahore Chamber of Commerce and Industry (LCCI), Mines deptt joint study to utilise mineral resources.

LAHORE, December 23, 2010 (Balochistan Times): The Lahore Chamber of Commerce and Industry (LCCI) and Punjab Mines and Mineral Department will conduct a joint study to identify potential and constraints impeding investment and better utilization of mineral resource base. This was decided at a meeting chaired by LCCI Senior Vice President Sheikh Mohammad Arshad at the LCCIs building here on Thursday. Provincial Secretary Mines & Mineral Shahid Mehmood, LCCI Vice President Sohail Azhar, Executive Committee Member Mian Zahid Javaid also spoke on the occasion. The LCCI Senior Vice President said that the LCCI would also prepare two working papers on rock salt, its by products and utilization of coal for power generation. Appreciating Punjab Chief Minister Muhammad Shahbaz Sharif, he said that the all efforts would be made for the success of Punjab governments Mineral Strategic Plan as it is a shift from the regulatory mode to corporate working for attracting investment in this particular area. Sheikh Arshad said that energy shortage could be bridged by putting in place coal-based energy plants for which we have marvellous reserves. He cited the examples of China and India where huge electricity was being produced through coal adding the contribution of the mineral sector in the overall economic growth was not commensurate with the mineral resource potential of Punjab. He said that private sector was unable to make any investment in this sector for lack of reliable data. Speaking on the occasion, the Provincial Secretary Mineral and Mines Shahid Mehmood said that Punjab Coal Mining Company (PCMC), established by the Punjab government, has identified various locations for 400-600 MW coal based power projects. He said that a small Resource Strategic Unit has also been constituted for the fast track implementation of mineral strategies while evaluation of coal and iron ore reserves have been initiated to meet potential investors requirements in accordance with international standards. He said that Mineral Strategic Plan for Punjab has been developed to make the mineral sector one of the major factors of economic growth. He said that the Minerals and Mines Department in collaboration with the Lahore Chamber of Commerce and Industry is also holding a seminar in January 2011 to generate debate among all the stakeholders. The seminar, to be addressed by a number of notable domestic, foreign academicians, leading businessmen and practitioners, would help evolve a joint strategy to tap the mineral potential of the province, he added.

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Publication:Balochistan Times (Baluchistan Province, Pakistan)
Geographic Code:9INDI
Date:Dec 23, 2010
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