People in West, when they hear Himalayas, only one country comes to their mind. That's not our problem.But now you mofos can label it as “Made in India” and use this as a soft power. That’s a pretty big differences
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People in West, when they hear Himalayas, only one country comes to their mind. That's not our problem.But now you mofos can label it as “Made in India” and use this as a soft power. That’s a pretty big differences
Yeah, Nepal!People in West, when they hear Himalayas, only one country comes to their mind. That's not our problem.
We should not allow this company. It will empty our salt reserves in a few years and take the whole profit and we will be left with nothing. It looks like Musharraf's scheme of introducing CNG for cars which depleted the gas reserves in Pakistan and now we don't even have gas for cooking.
Thanks for sharing. I don't have objection now.Facepalm, bro.
Following link provides better information:
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US company to invest $200m in Pak pink salt industry
WASHINGTON: Miracle Saltworks Collective Inc., an American leading company in import, manufacture and supply of sea salt, apprised the Ambassador of Pakistan to the United States, Masood Khan, about...www.thenews.com.pk
FDI and Investment are like holy keywords for you, they must be good wherever however they are coming.FDI does not come for free but is supposed to be a mutually beneficial arrangement for the countries involved. Appropriate legal framework should exist to facilitate FDI and make sure that Pakistan benefits from it. And government should explain to the Public why a certain deal is taking place (element of transparency).
But Pakistani have the unfortunate habit of politicizing FDI. Remember Riko Dek scandal? Any lesson learned from this episode?
Simple natural resource? Do you know that the British Empire established Himalayan Pink Salt mining facility in the Khewra region? Pakistan inherited this facility from the British to do the needful, but sold it to India in raw form at cheap rates as pointed out in here.
Mining is not in question, processing and conversion of Himalayan Pink Salt for consumption in the form of packaged goods is important in order to meet EXPORT requirements as per international standards. Standard Salts has opened a plant for processing and conversion of Himalayan Pink Salt to do the needful as noted in here. But this company does not have a setup in US. Now Miracle Saltworks Collective Inc. has offered to open a plant for processing and conversion of Himalayan Pink Salt to do the needful. Pakistan is getting plants and job opportunities from these deals.
Currently, Pakistan is earning only $70 million a year from this unique natural resource due to the lack of a policy framework and the absence of adequate facilities for processing, packaging and distribution.
Briefing the ambassador, President MSCI Ahmed N. Khan said that a multi-pronged solution, featuring public-private partnership under a clearly defined policy was being worked out to assist the government in enhancing pink salt exports.
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US company plans $200m pink salt facility
Pakistan has huge reserves of pink salt with a potential earning of $12bn annually whereas currently, it's earning only $70m a year.www.dawn.com
WASHINGTON: A leading American company plans to invest nearly $200 million in curating, processing, distributing, and importing pink Himalayan salt from Pakistan, officials said.
The Miracle Saltworks Collective Inc (MSCI) conveyed its interest to the Ambassador of Pakistan Masood Khan at a meeting in Washington on Friday and shared their investment plans with him.
An embassy official told journalists that the company was willing to invest in the entire process — from mining to bringing it to the United States.
The company will also prepare feasibility and reserve reports and will upgrade mining procedures and processes. The plan includes the construction of a world-class processing and packaging facility at the mining site and community development programmes.
Pakistan has huge reserves of pink salt with a potential earning of $12 billion annually. An embassy press release said the country possesses approximately 22.22 billion tonnes of the natural resource, concentrated mostly in Salt Range areas of Kala Bagh, Warcha, Khewra and Bahadur Khel.
“The salt mines have an immense potential of kick-starting massive economic activity in the country,” the statement added.
The delegation included the company’s president and CEO Ahmed N. Khan, Vice President Mr. Tad M. Ballantyne, and members of its governing board.
Currently, Pakistan is earning only $70 million a year from this unique natural resource due to the lack of a policy framework and the absence of adequate facilities for processing, packaging and distribution.
Briefing the ambassador, President MSCI Ahmed N. Khan said that a multi-pronged solution, featuring public-private partnership under a clearly defined policy was being worked out to assist the government in enhancing pink salt exports.
The new policy would also encourage the private sector to take a lead role in exploiting the existing potential.
Company officials said that they were undertaking a joint venture with Pakistan Mineral Development Corporation and plan to raise market awareness to reach 10 million tonnes of verified extraction by 2030.
Two world-class processing and distribution facilities would be established in Doha and China to fulfil global demand for the product. Ambassador Masood Khan informed the team that the government was committed to providing every possible facilitation to international investors and business communities intending to invest in traditional and non-traditional sectors. Highlighting various steps taken for promoting ease of doing business and restoring investor confidence, the ambassador said that Pakistan had a unique geostrategic location and could serve as a vast market for Central and West Asia, the Middle East, and North Africa.
He said that there was a huge market for pink salt not only in the region but across the world which guaranteed profitable business ventures in the sector.
Published in Dawn, May 14th, 2023
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US company plans $200m pink salt facility
Pakistan has huge reserves of pink salt with a potential earning of $12bn annually whereas currently, it's earning only $70m a year.www.dawn.com
We know how US and foreign companies work they rip you off give the big bone to some Govt official for mining rights and some to local elites end of story.Some of you comment on a topic without doing any homework.
Pink Salt was being sold to India in its raw form at very low prices and Indian companies process and refine it for local consumption as well as for EXPORTS to other countries under Made in Indian tagging. This is profiteering at the expense of Pakistan.
Before the suspension of trade between the two countries, the salt was being imported by Indian traders and re-exported in small and attractive packs at exorbitant prices to the European Union, United States, and even the far East, with labels showing that this salt was a product of the Indian Himalayas. While Pakistan sold the original Khewra salt for Rs. 70 per kg, the Indian traders were reselling it overseas at around Rs. 800- 1,000 per kg.
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Pakistan close to preventing India from buying Khewra salt cheap & reselling it as Indian
The salt has for long been imported by Indian traders and re-exported in attractive packs at exorbitant prices to the European Union & United States.www.techjuice.pk
Pakistan now have the opportunity to export Pink Salt to the US directly with support of Miracle Saltworks Collective Inc.
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US company plans $200m pink salt facility
Pakistan has huge reserves of pink salt with a potential earning of $12bn annually whereas currently, it's earning only $70m a year.www.dawn.com
This is good news and a step in the right direction.
Pakistan should find more customers.
Is this some miracle article all it said that india was scamming Pakistan through under the table dealings with local suppliers however that chapter has been closed since 2016 the export rights to the mine were strictly given to a local company which has proper export administration setup and Pakistan is getting its due diligence for its own resources.Facepalm, bro.
Following link provides better information:
![]()
US company to invest $200m in Pak pink salt industry
WASHINGTON: Miracle Saltworks Collective Inc., an American leading company in import, manufacture and supply of sea salt, apprised the Ambassador of Pakistan to the United States, Masood Khan, about...www.thenews.com.pk