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Pakistan’s Mineral Gold Rush

From $450bn reserves to a $1bn export dream — PMIF26 aims to turn untapped stones into global wealth

3 mins read
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Pakistan has positioned its mineral economy for global capital by immediately launching an international outreach campaign aimed at making a major impact in the global investment arena through its mineral and gemstone sector. This approach signals a shift towards performance-driven growth rather than unrealised potential. The Pakistan Minerals Investment Forum 2026 (PMIF26), scheduled to take place on 8–9 April in Islamabad, is already being aligned with international standards, with the government deploying its diplomatic missions worldwide while rapidly implementing regulatory and institutional reforms ahead of the forum.

Pakistan’s ambassadors and high commissioners have engaged directly with global mining companies, institutional investors, development finance institutions, and technology suppliers across leading mining capitals and financial hubs. The mission given to them is clear: to ensure strong, high-quality international participation at PMIF26 and to communicate that Pakistan’s mineral economy is no longer a case of uncertainty, but an emerging investment-ready market. This diplomatic effort reflects the government’s stance on PMIF26, positioning it not as a ceremonial event but as a strategic platform central to Pakistan’s export growth, industrialisation, and long-term investment plans.

At this stage, the success of the previous forum has strengthened this strategy. PMIF 2025 saw participation from more than 5,000 delegates from over 50 countries, and resulted in 14 memoranda of understanding being signed across mining, exploration, processing, and services. The scale and diversity of participation reflected growing global confidence in Pakistan’s mineral sector, at a time when many emerging markets were struggling to attract long-term capital. PMIF26 is being built on this foundation and is being planned as a more advanced, smarter, and result-oriented forum that will not only facilitate introductions but also move towards deal-making and implementation.

The 2026 edition will combine high-level policy dialogue with technical sessions conducted by international experts, investment matchmaking meetings, and a gemstone exhibition designed to attract significant attention. Investors will have access to a data-rich resource library containing geological information, regulatory frameworks, and project pipelines, addressing one of the sector’s long-standing issues: the lack of accessible and credible data. By bringing together policy clarity, technical expertise, and commercial facilitation, PMIF26 aims to narrow the gap between interest and investment.

A central focus of this initiative is the government’s renewed emphasis on the gemstones sector, an area where Pakistan has substantial but underexploited advantages. A national framework for the modernisation of the gemstone industry, aligned with global best practices in extraction, processing, certification, and marketing, has been approved by Prime Minister Shehbaz Sharif. The framework highlights a stark disparity: the estimated value of Pakistan’s gemstone reserves is around $450 billion, while current exports stand at just $5.8 million. Closing this gap has become a matter of national priority.

To address the issue of credibility and value addition, the government is establishing laboratories, certification systems, and centres of excellence that meet international standards. These will enable grading, quality assurance, and traceability—key requirements for accessing high-value global markets. Historically, without such systems, Pakistani gemstones were sold as raw or semi-processed stones, capturing only a small fraction of their potential value. The new policy aims not only to position Pakistan within global supply chains as a source of raw material, but also as a supplier of certified, finished gemstones recognised globally.

Another major component of the reform agenda is human capital development. The government is opening up the sector to youth through skills training, access to modern cutting and polishing technology, and opening international markets for them. The country has more than 5,000 gemstone processing units in operation, and the challenge lies not only in capacity but also in upgrading skills, technology, and design to meet global demand. The government aims to rejuvenate a sector capable of generating high-value exports and employment with relatively low capital investment by focusing on young and innovative talent.

This ambition is further supported by the diversity of gemstones found in Pakistan. The country is known for some of the finest emeralds, rubies, peridot, topaz, aquamarine, and a wide range of semi-precious stones. Authorities believe that marketing gemstone exports under ‘Brand Pakistan’ could potentially reach $1 billion within five years. This is not merely a target but also an achievable outcome, especially if structural reforms continue and implementation remains consistent, allowing Pakistan to capitalise on its natural advantages.

The minerals sector more broadly also benefits from a reform trend. Pakistan is working to reduce investment risk by clarifying licensing regimes, upgrading environmental and social governance standards, and partnering with credible international firms to attract long-term capital rather than speculative flows. The focus on openness, data accessibility, and institutional development signals an end to cycles of policy inconsistency and poor performance.

Therefore, PMIF26 signifies not only an annual gathering but also a strategic turning point. Pakistan aims to demonstrate that its mineral wealth can be transformed into bankable projects, sustainable exports, and inclusive growth. Through diplomatic outreach and domestic reforms, the government is seeking to reshape global perceptions and position the country as a reliable player in the international minerals market. If this strategy materialises, it could fundamentally change Pakistan’s development trajectory, turning previously untapped resources into visible drivers of investment, exports, and long-term economic resilience.

Umair Khan

Umair Khan is an Islamabad based commentator.

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