Pakistan, Jordan Commit To Expanding Trade And Cooperation
February 6, 2026
Kazakhstan’s Elaman Group has pledged $20 million for placer gold exploration in Gilgit-Baltistan, with Pakistan offering full support to facilitate the project.
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Kazakhstan’s Elaman Group has announced an initial investment of $20 million to explore placer gold deposits in Gilgit-Baltistan. The announcement followed preliminary studies that revealed strong potential for mining in the region.
The commitment was made during a meeting between Elaman Group representatives and Pakistan’s Minister for the Board of Investment (BoI), Qaiser Ahmed Sheikh. Azamat Utegenov, founder and managing partner of Elaman Group, led the delegation and highlighted the company’s plans to introduce modern mining technologies in collaboration with Chinese partners. He stressed that the group is committed to sustainable practices, local employment, and community development.
Minister Sheikh welcomed the investment, assuring full support from federal and provincial authorities. “Mining investments can play a vital role in economic growth, job creation, and regional development,” he said, emphasizing the BoI’s single-window operations for regulatory facilitation.
The talks also explored opportunities for joint ventures and broader cooperation in Pakistan’s mining sector. The announcement comes shortly after Kazakh President Kassym-Jomart Tokayev’s visit to Pakistan, where both countries discussed expanding trade and investment partnerships.
