ISLAMABAD, June 1 (ABC): The government has approved a Rs949.96-million project for the exploration, beneficiation, and extraction of rare earth elements, precious metals, and critical minerals in Gilgit-Baltistan, according to a document available with Wealth Pakistan.
The two-year project will run from 2026 to 2028. The Pakistan Council of Scientific and Industrial Research (PCSIR) will execute it under the Ministry of Science and Technology, with all activities based at PCSIR Labs, Skardu.
Focus on mineral exploration
The initiative focuses on resource investigation, geological studies, and the modernization of extraction and processing techniques. It also seeks to promote innovation in energy storage materials linked with rare earth minerals.
The project is expected to open new avenues for Pakistan’s mineral sector while reducing dependence on imported strategic materials.
Advanced technologies to support extraction
According to the document, the project will use advanced technologies for the identification and processing of critical minerals. These technologies include ICP-MS analysis systems, beneficiation plants, and grinding mills.
The use of modern equipment is expected to strengthen mineral exploration and improve processing capabilities.
Expected economic benefits
The project is expected to generate several economic and industrial benefits, including indigenization, value addition, enhanced exploration capacity, and import substitution. Officials believe the initiative will help strengthen Pakistan’s mineral sector and improve local capabilities.
Gilgit-Baltistan possesses significant reserves of rare earth elements and precious metals. These resources are increasingly important for modern technologies, renewable energy systems, electric vehicles, and defense industries worldwide.
The development comes at a time of rapidly rising global demand for critical minerals. In this environment, the project could help position Pakistan as a regional player in the strategic minerals market.
