A Kazakhstan-based mining company has shown strong interest in investing in Pakistan’s gold sector. The firm plans to begin operations in Gilgit-Baltistan with an initial investment of $20 million.
Strong Potential Identified in Gilgit-Baltistan
Elaman Group from Kazakhstan has completed preliminary studies in Gilgit-Baltistan. The studies revealed strong potential for placer gold exploration and development.
As a result, the company expressed its intention to make an initial investment of $20 million. Additional investments are planned in later phases of the project.
High-Level Investment Talks Held in Islamabad
The commitment was shared during a meeting in Islamabad. Federal Minister for the Board of Investment Qaiser Ahmed Sheikh hosted the Kazakh delegation.
The discussion focused on mining investment opportunities in Pakistan. Placer gold mining in Gilgit-Baltistan remained the central topic.
Delegation Highlights Experience and Future Plans
The Elaman Group delegation was led by founder and managing partner Azamat Utegenov. Senior executives and technical experts also joined the meeting.
During the discussion, the delegation presented its mining experience and achievements. It outlined priority investment areas and long-term plans in Pakistan.
The group also discussed expanding cooperation through joint investment projects. These projects aim to support economic growth and bilateral ties.
Use of Modern and Responsible Mining Practices
Elaman Group shared plans to introduce modern mining technologies. The company plans to collaborate with Chinese partners on technical solutions.
These technologies aim to ensure efficient and environmentally responsible operations. Sustainability remains a core focus of the proposed investment.
Focus on Local Development and Employment
The company stressed its commitment to corporate social responsibility. It plans to support local employment and skills development.
Community uplift and social development will remain priorities in project areas. The company aims to work closely with local communities.
Joint Venture Discussions Finalised
The delegation confirmed that joint venture discussions with local partners have been finalised. This step will help ensure smooth project execution.
All operations will follow Pakistan’s legal and regulatory framework. The company aims to maintain full compliance at every stage.
Government Assures Full Support
Minister Qaiser Ahmed Sheikh welcomed the proposed investment. He highlighted Pakistan’s interest in attracting foreign capital.
He assured full facilitation at federal and provincial levels. Regulatory coordination and single-window support were also promised.
The minister stressed that foreign investment supports job creation and regional development. He reaffirmed Pakistan’s commitment to stronger economic ties with Kazakhstan.
Growing Pakistan–Kazakhstan Economic Engagement
The meeting took place amid increased engagement between Pakistan and Kazakhstan. Both countries continue to explore trade and investment cooperation.
Mining and industry remain key areas of mutual interest. The proposed project reflects growing confidence in Pakistan’s resource sector.
