KEY POINTS
- Finance Minister’s Advisor says a Pakistan-US private‑sector joint venture has been formalised.
- The partnership brings together Pakistan’s Himalayan Earth Exploration and US‑listed Nova Minerals.
- Initial investment of $100 million will be followed by phased capital inflows tied to exploration, mining and local processing.
- Schehzad says the venture signals Pakistan’s readiness for large‑scale mineral investment and stronger high‑value exports.
ISLAMABAD: Pakistan’s bid to attract strategic-sector investment received a boost on Wednesday, after a joint venture between a Pakistani exploration firm and US‑listed Nova Minerals signed to develop the country’s critical minerals.
Finance Minister’s Advisor Khurram Schehzad said that the Joint venture announcement shows the push for US investment in Pakistani rare-earth deposits was gaining pace.
According to Schehzad, who shared details of the collaboration in a post on X, the agreement between Pakistan’s Himalayan Earth Exploration (HEE) and Nova Minerals will span the full value chain. The partners plan to work jointly on exploration, mining, local processing, training and trade.
Schehzad said Pakistan’s largely untapped reserves of rare earths and other strategic minerals have placed the country in a favourable position as global supply chains seek secure sources for high-tech, chipmaking and defence materials.
US Investment in Pakistan Minerals
US-Pakistan critical minerals’ JV (private sector) signed:
Pakistan’s Himalayan Earth Exploration (HEE) and US-listed Nova Minerals (NASDAQ/ASX: NVA) sign strategic partnership to develop Pakistan’s critical minerals & rare earths.
– Full… pic.twitter.com/5CBnOHA220
— Khurram Schehzad (@kschehzad) November 23, 2025
The partnership aims to prioritise processing in Pakistan rather than exporting raw ore, a move expected to generate skilled jobs, domestic industry and stronger export earnings.
He added that the venture will begin with an initial $100 million investment, with further phased capital injections planned as projects progress from exploration to mining and local processing. The collaboration is expected to unlock long-term US capital inflows.
Schehzad described the development as a sign that Pakistan is ready for “serious mineral investment”, saying critical minerals could become a game-changer for the economy.
He noted that economic conditions have been improving, and that structural reforms coupled with new investments would support sustainable growth.
