Pakistan Mineral Development Corporation (PMDC) and US based Miracle Saltworks Collective Inc. (MSCI) have signed a Memorandum of Understanding to promote foreign investment in minerals sector of Pakistan.

Under the MoU, a state-of-the-art Pink Rock Salt Crushing and Packaging facility will be set up in Mianwali under the theme of 'Pink Prosperity'.  

This facility will not only attract foreign direct investment to an estimated tune of 200 million dollars but will also earn significant foreign exchange through exporting salt base products to international markets.

The initiative aims at positioning Pakistan as a prominent player in the global Pink Rock Salt market by harnessing state of the art technology and best practices in the industry.