Islamabad: Pakistan and Australia have reached an agreement to enhance economic cooperation, particularly focusing on sectors such as energy, minerals, and water resource management. Special Investment Facilitation Council (SIFC) has played a crucial role in enabling investments in Pakistan's mineral sector.

According to Radio Pakistan, Australia is concentrating on forming joint ventures in Pakistan's mineral resources, with a particular interest in the Reko Diq project. The collaboration aims to bolster economic ties between the two countries through shared ventures and initiatives.

Moreover, Australia has proposed the launch of advanced training programs in the mineral sector in collaboration with Pakistani institutions. This initiative is expected to foster skill development and technical expertise in Pakistan's mining industry.

SIFC is instrumental in facilitating processes for Australian companies interested in Pakistan's mining and energy sectors. The council's support is seen as a vital component in streamlining investments and enhancing bilateral economic cooperation between the two nations.