Japanese conglomerate Sumitomo eyes Pakistan mining sector via SIFC

The Special Investment Facilitation Council (SIFC) has enlisted Japan's Sumitomo Corporation to look into openings in Pakistan's mining and minerals industry. Mettis Global, citing APP, described the Chiyoda-ku, Tokyo company as a major trading and investment group. It is the newest overseas investor the council has assisted through its outreach drive.

The council routes potential overseas backers via a joined-up system aimed at giving clearer details on opportunities, particular projects and the wider climate. According to the report, the sector has substantial potential across discovery, growth, local processing and related manufacturing. SIFC is working to bring more international players into this area.

Supported by better facilitation, security measures and consistent policymaking, the council wants a setting that is easier to forecast for overseas companies. Mettis Global said the Sumitomo engagement signals growing overseas interest in the country's natural resources. The report also describes the council as a central hub for lifting investor confidence and moving identified opportunities into commercial projects.