Alert Sign Dear reader, online ads enable us to deliver the journalism you value. Please support us by taking a moment to turn off Adblock on

Alert Sign Dear reader, please upgrade to the latest version of IE to have a better reading experience


Petroleum Ministry prepares mineral policy 2012

August 07, 2012


A site of coal reserves in Pakistan- File Photo

ISLAMABAD: Ministry of Petroleum after seventeen years, has prepared a Mineral policy 2012.

According to a private news channel report, it is decided that the royalty of various minerals like Gold and others will be increased by five percent.

Mineral policy 2012 has been prepared and all the provinces have been sought recommendation in this connection.

In the policy it has been decided that five percent increase in royalty will be made in Gold and precious stones. Royalty has also been increased by three percent initially. The coal mineral royalty has also been increased by one percent.

It has also been decided that mining will be done by the locals to facilitate only Pakistanis. The foreigners will not be allowed to invest in the mining activities.