Sys­tem of lease for min­eral ex­plo­ration re­viewed

Pakistan Observer - - ECONOMY WATCH -

SALIM AHMED LAHORE—Pun­jab Chief Min­is­ter Muham­mad She­hbaz Sharif presided over a high-level meet­ing here on Sun­day to re­view the pro­posed le­gal frame­work for im­prov­ing lease sys­tem for ex­plo­ration of min­eral re­serves at a large scale. Ad­dress­ing the meet­ing, the Chief Min­is­ter said that an ef­fec­tive le­gal frame­work is of vi­tal im­por­tance for reg­u­lat­ing the sys­tem of lease of min­eral re­serves. He said that ef­fec­tive le­gal frame­work for lease will pro­mote the cul­ture of mod­ern min­ing and use of mod­ern tech­nol­ogy. He said that ca­pac­ity build­ing of con­cerned in­sti­tu­tions is also nec­es­sary for ben­e­fit­ing from min­eral re­serves. He said that the in­sti­tu­tions re­lat­ing to min­ing will have to give re­sults.

The Chief Min­is­ter said that be­sides Min­er­als De­part­ment, re­or­ga­ni­za­tion of En­vi­ron­ment De­part­ment is also nec­es­sary. He di­rected that ser­vices of ex­perts should be ac­quired for run­ning Min­er­als and En­vi­ron­ment De­part­ments in a pro­fes­sional man­ner. She­hbaz Sharif di­rected that com­pre­hen­sive and solid rec­om­men­da­tions should be pre­sented for evolv­ing an ef­fec­tive le­gal frame­work for im­prov­ing lease sys­tem for ex­plor­ing min­eral re­serves. Sec­re­tary Min­er­als gave a briefing with re­gard to im­por­tant fea­tures of pro­posed le­gal frame­work. Pro­vin­cial Min­is­ters Rana Sanaullah, Ch. Sher Ali, Chief Sec­re­tary, Sec­re­taries Min­er­als, In­dus­tries, Law, DG En­vi­ron­ment and con­cerned of­fi­cials at­tended the meet­ing.

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