US company plans $200m pink salt facility
A leading American company plans to invest nearly $200 million in curating, processing, distributing, and importing pink Himalayan salt from Pakistan, officials said. The Miracle Saltworks CollecÂtive Inc (MSCI) conveyed its interest to the Ambassador of Pakistan Masood Khan at a meeting in Washington on Friday and shared their investment plans with him. An embassy official told journalists that the company was willing to invest in the entire process — from mining to bringing it to the United States. The company will also prepare feasibility and reserve reports and will upgrade mining procedures and processes. The plan includes the construction of a world-class processing and packaging facility at the mining site and community development programmes. Pakistan has huge reserves of pink salt with a potential earning of $12 billion annually. An embassy press release said the country possesses approximately 22.22 billion tonnes of the natural resource, concentrated mostly in Salt Range areas of Kala Bagh, Warcha, Khewra and Bahadur Khel.