US company plans $200m pink salt facility

Super Falcon · May 15, 2023

Pak must increase the salt prices there times for foreign customers as middle east do create OPEC like salt member countries who produce salt

GriffinsRule · May 15, 2023

LeGenD said:
Some of you comment on a topic without doing any homework.

Pink Salt was being sold to India in its raw form at very low prices and Indian companies process and refine it for local consumption as well as for EXPORTS to other countries under Made in Indian tagging. This is profiteering at the expense of Pakistan.

Before the suspension of trade between the two countries, the salt was being imported by Indian traders and re-exported in small and attractive packs at exorbitant prices to the European Union, United States, and even the far East, with labels showing that this salt was a product of the Indian Himalayas. While Pakistan sold the original Khewra salt for Rs. 70 per kg, the Indian traders were reselling it overseas at around Rs. 800- 1,000 per kg.

Pakistan close to preventing India from buying Khewra salt cheap & reselling it as Indian

The salt has for long been imported by Indian traders and re-exported in attractive packs at exorbitant prices to the European Union & United States.

www.techjuice.pk

Pakistan now have the opportunity to export Pink Salt to the US directly with support of Miracle Saltworks Collective Inc.

US company plans $200m pink salt facility

Pakistan has huge reserves of pink salt with a potential earning of $12bn annually whereas currently, it's earning only $70m a year.

www.dawn.com

This is good news and a step in the right direction.

Pakistan should find more customers.

Its already being sold in the US now as a product of Pakistan. Dont need US investment in this field

AA_ · May 15, 2023

Cheepek said:
Earlier from Pakistan to India directly, now from Pakistan to India indirectly.... that's the only difference.

But now you mofos can label it as “Made in India” and use this as a soft power. That’s a pretty big differences

LeGenD · May 15, 2023

ProblemSolver said:
Wouldn't it be better to set up the industry ourselves, and then export it and take in all the revenue ourselves instead of letting someone else make more money from their measly 200m dollar investment? You can market it as Himalayan Pink Salt or whatever and it will sell very well in the health conscious Amerian market.

Here is an example of a Multinational company involved in mining and processing of the Himalayan Pink Salt:

Himalayan Pink Salt Manufacturer, Supplier & Exporter

As your trusted Wholesale Pink Himalayan Salt in Pakistan, we take pride in utilizing modern technology in our salt factories in Pakistan to ensure that our products meet international standards of excellence. In our factories, we prioritize a positive environment and ensure our workers receive...

standardsalts.com

But this company does not have setup in USA.

Americans have offered to invest in this industry separately:

US leading company to invest $200m in Pakistan Salt industry

radio.gov.pk

So what is wrong with this offer?

jamal18 said:
There should be a law to stop foreign firms extracting our minerals and oil.

Yes, we are incapable of digging a hole in the ground and shoveling out salt.

See above.

GriffinsRule said:
Its already being sold in the US now as a product of Pakistan. Dont need US investment in this field

See above.

AZADPAKISTAN2009 · May 15, 2023

Well in a dysfunctional Nation wrong decisions are always taken about Natural Resources

AA_ · May 15, 2023

LeGenD said:
Here is an example of a Multinational company involved in mining and processing of the Himalayan Pink Salt:

Himalayan Pink Salt Manufacturer, Supplier & Exporter

As your trusted Wholesale Pink Himalayan Salt in Pakistan, we take pride in utilizing modern technology in our salt factories in Pakistan to ensure that our products meet international standards of excellence. In our factories, we prioritize a positive environment and ensure our workers receive...

standardsalts.com

But this company does not have setup in USA.

Americans have offered to invest in this industry separately:

US leading company to invest $200m in Pakistan Salt industry

US leading company to invest $200m in Pakistan Salt industry

radio.gov.pk

So what is wrong with this offer?

See above.

See above.

Thank you for your informative post.

RAMPAGE · May 15, 2023

Super Falcon said:
POPEC like salt member countries who produce salt

LMAO

Goritoes · May 15, 2023

Send some refined pink Namak to GHQ, Namak Harami kafi bard gayi hai wahan,

Conqueror · May 15, 2023

Pakistan should prevent sale of this product by any other name. It should be called "PAKISTANI SALT". Come on boost your national identity and make your country stand out.

AZADPAKISTAN2009 · May 15, 2023

This business of stealing resources has been going on for while

Africa , Dimond , Coffee , and other natural resources are exploited by Nations Like France or others
Oil similarly is well sought by many nations

Pakistan recently had Riqo Diq mines , that issue remained stuck in queue for 20 years we could not dig a hole in ground to extract Minerals

China created coal plant in Sindh and in 2-3 years extracting Coal , 100% performance

This Salt Minning is yet another example , simple process to extract salt but now all of sudden a
FREIGN company is needed to extract Salt

Instead of 100% Profit to Pakistan we will negotiate a deal to get 15-25% share and other company will steal away 75-85% profits

Of course they will give the 1%-5% cut to middle man

One_Nation · May 15, 2023

LeGenD said:
Here is an example of a Multinational company involved in mining and processing of the Himalayan Pink Salt:

Himalayan Pink Salt Manufacturer, Supplier & Exporter

As your trusted Wholesale Pink Himalayan Salt in Pakistan, we take pride in utilizing modern technology in our salt factories in Pakistan to ensure that our products meet international standards of excellence. In our factories, we prioritize a positive environment and ensure our workers receive...

standardsalts.com

But this company does not have setup in USA.

Americans have offered to invest in this industry separately:

US leading company to invest $200m in Pakistan Salt industry

US leading company to invest $200m in Pakistan Salt industry

radio.gov.pk

So what is wrong with this offer?

See above.

See above.

You seem to be getting carried away by dollar figures.
What you don't get is if a foreign company invests money, they will recover manyfolds back.
For $200 million, they will want to recover 1 billion+ and will potentially recover more.
Why is this cut needed for such a simple natural resource?

LeGenD · May 15, 2023

One_Nation said:
You seem to be getting carried away by dollar figures.
What you don't get is if a foreign company invests money, they will recover manyfolds back.
For $200 million, they will want to recover 1 billion+ and will potentially recover more.
Why is this cut needed for such a simple natural resource?

FDI does not come for free but is supposed to be a mutually beneficial arrangement for the countries involved. Appropriate legal framework should exist to facilitate FDI and make sure that Pakistan benefits from it. And government should explain to the Public why a certain deal is taking place (element of transparency).

But Pakistani have the unfortunate habit of politicizing FDI. Remember Riko Dek scandal? Any lesson learned from this episode?

Simple natural resource? Do you know that the British Empire established Himalayan Pink Salt mining facility in the Khewra region? Pakistan inherited this facility from the British to do the needful, but sold it to India in raw form at cheap rates as pointed out in here.

Mining is not in question, processing and conversion of Himalayan Pink Salt for consumption in the form of packaged goods is important in order to meet EXPORT requirements as per international standards. Standard Salts has opened a plant for processing and conversion of Himalayan Pink Salt to do the needful as noted in here. But this company does not have a setup in US. Now Miracle Saltworks Collective Inc. has offered to open a plant for processing and conversion of Himalayan Pink Salt to do the needful. Pakistan is getting plants and job opportunities from these deals.

Currently, Pakistan is earning only $70 million a year from this unique natural resource due to the lack of a policy framework and the absence of adequate facilities for processing, packaging and distribution.

Briefing the ambassador, President MSCI Ahmed N. Khan said that a multi-pronged solution, featuring public-private partnership under a clearly defined policy was being worked out to assist the government in enhancing pink salt exports.