Punjab Minister for Minerals, Ch. Sher Ali Wednesday said the Punjab government would spend Rs 1.42 billion on the exploration of the potential mines and minerals in the province.

Talking to media during his visit to Sasta Ramzan Bazaars in Sialkot and Daska on Wednesday, he said the government asigned work of searching, exploring, measuring and recovering minerals to a consortium of world’s three best companies. This project would be completed in the coming 18 months in Punjab.  Local MPAs Ch. Arshad Warraich, Ch. Muhammad Ikram, Muhammad Asif Bajwa, Sialkot DCO Iftikhar Ali Sahu, General Secretary PML-N Sialkot District Shujaat Ali Pasha and Assistant Commissioner Daska Zulfiqar Ahmed Bhoon were also present on this occasion. He said that Punjab was rich with natural resources but there was a dire need of search and exploration.  Provincial Minister said that the country could get rid of the persisting energy crisis by ensuring the maximum exploration and utilization of natural resources and other alternative energy resources as well. He said that there were the 600 million tons reserves of fine quality iron (worth of US$ 70 billion) recently discovered in Chiniot region, now; the world’s top three companies have started mining work  at the iron reserves. The minister revealed that there were also reserves of iron ore in Kala Bagh region and the Punjab government has also started an initial project to get benefits of these reserves by spending Rs 138 million.

Earlier,Ch. Sher Ali inspected the Sasta Bazaars at Sialkot and Daska and directed the concerned officials to ensure the quality of daily use commodities especially vegetables and fruits and maintain their prices for providing maximum financial relief to the local people.

Sialkot DCO, Iftikhar Ali Sahu told the provincial minister that the district administration has established as many as eight Sasta Ramzan Bazaars and 42 fair price shops in four tehsils including Sialkot, Daska, Sambrial and Pasrur tehsils for providing maximum financial relief to the people.