Pakistan's largest coal miner to boost output by over 50% in 2024

Pakistan's largest coal miner Sindh Engro Coal Mining Co (SECMC) expects to boost its output by 51.3% in 2024, its Chief Executive told Reuters, as the south Asian economy seeks to reduce imports, cut fuel costs and shore up its finances. Faced with a crippling foreign exchange crisis, the Pakistan government is trying to preserve its depleted foreign exchange reserves and cushion itself against geopolitical shocks. SECMC aims to help by boosting coal production to 11.5 million tonnes in 2024, from an expected 7.6 million tonnes this year, its CEO Amir Iqbal told Reuters on Friday. The company will seek to push power plants currently operating fully on imported coal to use 20-25% domestically mined coal, Iqbal said.
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