Altaf Moti
Whispers of vast mineral wealth have long echoed through the rugged terrains of Pakistan, and recent geological surveys have amplified these murmurs into a potentially transformative roar.
The assertion that Pakistan harbors significant deposits of rare earth elements (REEs), estimated to be worth trillions of dollars, has captured the imagination of policymakers, investors, and the public alike. These elements, a group of 17 chemically similar metallic elements, are critical components in a wide array of high-tech applications, ranging from smartphones and electric vehicles to wind turbines and defense systems. In an increasingly technology-driven world, access to and control over REEs have become matters of strategic and economic importance.
While the precise valuation of Pakistan’s REE reserves remains a subject of ongoing exploration and assessment, the evidence strongly suggests the presence of substantial quantities. Geological studies conducted by both domestic and international organizations have identified promising sites, particularly in regions like Khyber Pakhtunkhwa (KPK) and Gilgit-Baltistan. These initial findings point towards the existence of various REE-bearing minerals, including bastnäsite, monazite, and xenotime. However, it is crucial to distinguish between identified resources and proven, economically viable reserves. While the potential is immense, extensive exploration, drilling, and analysis are required to accurately quantify the extractable amounts and their economic value.