Rare Earth minerals in Pakistan worth $50 trillion

[EasyNow]

This is the hard truth of the matter. Either Pakistan finds ways to develop these resources on its own (which is highly unlikely) or it will have to make foreign investment worth it.

Pakistani's in particular are obsessed with corruption scandals....even if they don't understand the technical details. I have seen at this forum.....members turn into foaming at mouth monsters against power plant capacity payments when these things are pretty routine business in much of the world.

Media and politicians cater to the corruption scandal obsession in the Pakistani public....and any foreign investor will be wise to be wary of it....based on experiences at Reko Diq and the power sector, IMO.

The corruption scandal obsession in the Pakistani public has done more harm then good. It makes it very difficult to have faith in any contract signed by GOP. It also is an easy catch all explanation for lack of economic development....which makes any actual thoughtful discussion impossible. This makes correcting the true problems impossible.

On top of that....the true corruption is never actually resolved......negatives all around.

Actually I think you have hit on something with the obsession with corruption idea. We get so carried away that someone is making extra money from something, that we end up doing nothing.

 

[HaMoTZeMaS]

Better are those nations with no granted blessings
than us who are so miserable to unable to utilize our granted blessings to the point that it might become curse on us

We are granted resources of our times.. instead of benefiting from them we are saving them for next generations while.. next generations will be granted with resources of their time

 

[khansaheeb]

The average Pakistani doesn't even have basic amenities like food, water and shelter in many cases

Even the US government has to pour billions of dollars just to get the Arizona rare earth mineral plant rolling right

America has 1 rare earth mineral site in Arizona somewhere and its costly to keep it running

However due to the reserve currency strength of the dollar. They're able to print more money and send inflation into other lands

Pakistan would economically collapse to do it by itself

The Pakistani government has less money than 5 rich corporation owners in America.

Even Floyd Mayweather a boxer has more money than most Pakistani town budgets.

Nor did China, but look where they are now.

 

[Shazzad123]

Nor did China, but look where they are now.

they're the factory of the world

 

[Bouncer]

According to the United States geology reports.

There is at least $50 trillion worth of rare earth minerals in Pakistan

Pakistan neither has the technology, government nor organization skills to excavate these highly valuable minerals

These minerals are the 21st century version of oil nowadays because very few countries have them

Remember this simple rule of capitalism; if its worth it then someone has already done it. Basically the day all these minerals, and the vast vast amount shale gas that US geologists say we have under our feet, become economically viable you can trust people to come here without invitation and dig these up for us.

So don't worry. They haven't come here yet only because these resources are too expensive to dig up. Money solves all problems.