Pak daily reported that Pakistan will import plants and machinery from China to be used in the exploration of iron ore as the authorities in Board of Investment are working in this regard.

As per report, Pakistan's Board of Investment has written a letter in this regard to the Chinese authorities. The reports cited an official as saying that "The private sector that is working in exploration of iron sector will import plants and machinery and the government has contacted Chinese authorities in this regard."

The official added that iron ore has become very important with the rising demand of steel in the country. He said that Pakistan has over 780 million tonnes of iron ore spread in Punjab, North West Frontier Post and Baluchistan and private sector is working to explore the reservoirs.

As per report "Pakistan iron ore contains 35% Fe similar to that in and thus the machinery and plants manufactured by China can also work in Pakistan."

The official added that Pakistani private sector had also agreement with Indian privates sector to import plants worth over USD 300 million.