US agency mulls funding in Pakistan’s pink salt business


A person applies the ultimate touches to a sculpture comprised of Himalayan pink rock salt on the outskirts of Lahore. — Reuters
  • Miracle Saltworks Collective Inc plans to speculate $200m Himalayan salt business.
  • India earns billions of {dollars} yearly by way of exports of salt, imported from Pakistan.
  • Consultants say there isn’t a salt mine in Himalayas and India is deceiving the world.

WASHINGTON: A number one American firm, Miracle Saltworks Collective Inc., has knowledgeable Ambassador of Pakistan to america, Masood Khan, about its plan to speculate almost $200 million in curating, processing, distributing, and importing pink Himalayan salt, The Information Sunday.

Consultants mentioned that India earns billions of {dollars} yearly by way of exports of salt, imported from Pakistan at $42 per ton. 

They revealed that there isn’t a salt mine within the Himalayas and India was deceiving the world within the title of Himalaya’s salt.

The funding can be made in getting ready feasibility, reserve report, upgradation of mining procedures and processes, building of world class processing and packaging facility and group improvement programmes, the assertion obtained from Washington DC learn.

Throughout a briefing to prime management of Miracle Saltworks Collective Inc. it was knowledgeable that Pakistan, with its geographical monopoly of the useful resource, has large reserves of pink salt with a possible incomes of $12 billion yearly. 

In line with an estimate, the nation possesses roughly 22.22 billion tons of the pure useful resource, concentrated largely within the Salt Vary areas of Kalabagh, Warcha, Khewra and Bahadur Khel, with an immense potential of kickstarting large financial exercise. 

It was knowledgeable that at the moment Pakistan was retaining $70 million solely in lieu of export of this distinctive pure useful resource on account of lack of coverage framework and enough amenities for processing, packaging and worldwide distribution.

Briefing the ambassador, the corporate’s president Ahmed N. Khan knowledgeable {that a} multi-pronged resolution that includes public-private partnership underneath a clearly outlined coverage was being labored out to help the federal government in regulating and inspiring non-public sector to take a lead function in exploiting the prevailing potential.

It was knowledgeable that the corporate was enterprise a three way partnership with Pakistan Mineral Improvement Company. The corporate plans to boost market consciousness globally and attain 10 million tons of verified extraction by 2030. Two world class processing and distribution amenities can be established in Doha and China to fulfil international demand for Pakistani product.

Ambassador Khan welcomed the agency’s curiosity in making funding and selling pink salt business within the nation. 

He mentioned the federal government was dedicated to offering each doable facilitation to worldwide traders and enterprise group aspiring to spend money on conventional and non-traditional sectors of the economic system.

Highlighting varied steps taken for selling ease of doing enterprise and restoring confidence of the traders, the ambassador mentioned that Pakistan, on account of its distinctive geostrategic location, was poised to serve an unlimited market of Central and West Asia, Center East and North Africa. 

He mentioned that there was an enormous market of pink salt not solely within the area however the world over, which assured worthwhile enterprise enterprise within the sector. 

The ambassador assured the management of Miracle Saltworks Collective Inc. of each doable help of the embassy in facilitating early finalisation and implementation of their marketing strategy within the nation.

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