Pakistan has achieved a significant milestone by successfully exporting its pink rock salt to international markets. A lucrative deal amounting to $20 million has been struck, aimed at attracting greater foreign investment. The Pakistan Mineral Development Corporation (PMDC) has joined hands with an American company in a collaborative effort, formalized through the signing of a pivotal document known as a Memorandum of Understanding (MoU).
Read More: Pakistan’s Crude Oil Imports Shift: Suspension of Russian Purchases
Pink Rock Salt Exports Deal
Within this pact, Asad Ahmed, the head of PMDC, and the Chief Executive Officer of the American enterprise have appended their signatures to the MoU. Ahmed highlighted the substantial global demand for pink salt, valuing it at approximately $12 billion.
Capitalizing on this lucrative opportunity, Pakistan envisions the export of approximately 1.5 million tons of pink salt annually, aiming to establish it as a renowned commodity under its own national brand.
In order to actualize this vision, plans are underway to establish a cutting-edge facility designed for the processing and packaging of pink salt. This specialized facility will be dedicated solely to preparing the salt for overseas shipments. Situated within the designated Special Economic Zone within the Mianwali district, this facility will play a pivotal role in the realization of Pakistan’s ambitions.