ISLAMABAD: The government is expecting significant investment in Pakistan’s mines and mineral sector and export of copper following the recent bilateral tariff deal with the United States, it emerged on Sunday.

During negotiations of the Pakistani team with the US authorities on reciprocal tariffs, the US side has showed interest to invest in the mines and minerals, including copper, Commerce Minister Jam Kamal Khan revealed in the latest report placed before the National Assembly.

As the US administration had imposed 50pc tariffs on import of copper, iron, steel and aluminum but subsequently refined copper was exempted from the 50pc tariff, “it will be more advantageous to export value-added copper (refined) to the US market”, the minister claimed.

Pakistan was endowed with substantial mineral resources, ranked fifth globally in terms of copper reserves, which had the potential to significantly reduce the country’s trade imbalance with the world, the minister said. He stated copper, a critical component in global........

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