Cooperation between Pakistan and Brazil in Energy and Mining Sectors
Brazilian Federal Minister for Mines and Energy Hon. Fernando Coelho Filho and Ambassador of Pakistan in Brazil H.E Najm us Saqib have agreed to explore ways and means to increase bilateral cooperation in the important sectors of energy and mining.
In a detailed meeting held at the Brazilian Ministry of Mines and Energy today, both sides discussed various investment opportunities available in energy generation through fossil fuels, renewable energy, hydroelectricity, wind and solar. Transfer of technology and possibility of a joint venture in this regard was also discussed. The Minister and Ambassador also agreed to involve the relevant Government Departments from both countries for institutional linkages and cooperation in renewable energy generation.
The Ambassador offered profitable and secure investment to Brazilian businessmen in Pakistan. He informed the Minister that Pakistan has the 2nd largest salt mine in the world; 5th largest gold mine; 7th largest copper mine and the 5th largest coal reserves. To begin with, Pakistan could become a good source of Himalayan salt to meet the Brazilian market demand. Import by Brazil of other Pakistani products like precious and semi- precious stones, onyx and marble, was also considered.
Both sides also discussed the possibility of signing Agreements in the related fields after the experts from both countries meet and assess the real potential of investment and trade in the energy and mining sectors. Minister Filho also agreed to receive Pakistan's Federal Secretary of Commerce Mr. Younus Dagha to discuss matters of mutual concern. Mr. Dagha is scheduled to pay an official visit to Brazil in mid-December 2017.
2 October 2017