Leading American company to invest $200 million in Pink Salt industry in Pakistan.

WASHINGTON -- A leading American company in import, manufacture and supply of sea salt plans to invest nearly $200 million in curating, processing, distributing and importing Pink Himalayan Salt, which is mined in Pakistan's Khewra Salt Mine located in Jhelum district of Punjab, a press release of the Pakistani embassy said on Saturday.

The investment, it said, would be made in preparing feasibility, reserve report, upgradation of mining procedures and processes, construction of world-class processing and packaging facility and community development programs.

Pink salt has been used as remedies for a variety of health issues and is used by health professionals.

During a briefing by top leadership Miracle Saltworks Collective Inc. (MSCI), Pakistan's Ambassador to the United States, Masood Khan, was informed that Pakistan, with its geographical monopoly of the resource, has huge reserves of Pink Salt with a potential earning of $12 billion annually.

According to an estimate, the country possesses approximately 22.22 billion tons of natural resources, concentrated mostly in Salt Range areas of Kala Bagh, Warcha, Khewra and Bahadur Khel, with an immense potential of kick-starting massive economic activity.

The delegation included President and CEO Ahmed N. Khan; Vice President Tad M. Ballantyne; CCO/Board Member Muhammad M. Khan; Director and Board Member Jeffry Meilander; M. Shamsher Khan; Martyn Element (Vancouver Canada); Nasim Tyab (Vancouver Canada); Dan Terret (Vancouver Canada); Rana Rehan Anwar (Saint Louis); Tony Garson ( London England) and Attiq Rana (Saint Louis).

The Ambassador was informed that currently Pakistan was retaining $70 million only in lieu of export of this unique natural resource due to a lack of policy framework and adequate facilities for processing, packaging and worldwide distribution, the press release said.

Briefing the Ambassador, President MSCI Ahmed N. Khan informed that a multi-pronged solution...

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