Natural Resources
National resources are backbone for the industrial development of a country. These resources play a dominant role in accelerating in the pace of progress and prosperity. Economic development of an economy is not possible without the availability of natural resources. Natural resources are divided into minerals, forests and hydle power/energy.
1. Mining and Quarrying
Pakistan has a widely geological frame work, ranging from pre-Cambrian to the present that includes a number of zones hosting several metallic minerals, industrial minerals, precious and semi-precious stones. Although many effort have been made in developing geological products, institutional, academic and Research and Development infrastructure, much remains to be done to enable this sector to take full advantage of its endowment. As a result of various efforts devoted for the development of mineral sector, resources of several minerals have been discovered over the last many decades, including world class resources of lignite coal deposits at Thar, Sindh, porphyry copper-gold deposits in Chagai, Balochistan, Iron ore deposits at Dilband, Balochistan, Lead-zinc deposits in Duddar, Balochistan, gypsum, rock salt, limestone, dolomite, china clays etc in the Indus Basic, ornamental and construction stones in the various parts of the country and about 30 different gems and precious stone deposits in northern Pakistan.
Mineral industry in Pakistan shows that over the last few decades this sector has been allocated very small amount - 0.45% to 2.46% of the total public sector expenditure since first five year plan reflecting its contribution to Gross National Product (GNP) of just around 0.5%. The mineral resources of a country are valuable means and measures of its economic and industrial growth. These are still more important for Pakistan because of its favorable geological environment and a large number of mineral resources in the country. Considering that substantial scope exists for the development uncertainties, it requires Government support and recognition of mineral sector.
The Govt. is fully committed to making the mineral sector in Pakistan one of the most profitable for the country. During the current fiscal year, mining and quarrying sector has registered a growth rate of 5.7 percent as against 4.58 percent of last year. The increased growth was propelled by strong growths recorded in magnetite-30%, dolomite-26.1%, Limestone-25.2% and chromites. To make this sector thrive more in the upcoming year the Govt. has already started various initiatives which is evident from the discovery and development of world class copper-gold deposits in Chagai, Balochistan by Australian Firms that would fetch $500 million to $600 million per year during the lives of these mines Development of Thar Coal field, one of the largest good quality lignite deposits in the world on completion, would provide additional source of energy.
2. Mines and Mineral Development Department
This department was created in Sindh in 2001 in pursuance of the National Mineral Policy, 1995. The department has taken all necessary steps for further establishing its field office. The province of Sindh has large quantities of minerals. In all there are 24 minerals which are being mined at present. The province also has large quantities of coal and granite reserves. The granite area which was previously inaccessible has now been connected with Karachi by network of roads and other facilities like Rest House etc. It is also proposed that Granite Park should be established at Nagarparkar. Karunjhar Range of Mountains in Nagarparkar has huge reserves of granite and other rock types of extractable thickness which has the potential to compete the international market.
Read more: Resources of Pakistan http://www.friendsmania.net/forum/b-com-part-2-ii-economics-pakistan-notes/28441.htm#ixzz2dnfCNujK
National resources are backbone for the industrial development of a country. These resources play a dominant role in accelerating in the pace of progress and prosperity. Economic development of an economy is not possible without the availability of natural resources. Natural resources are divided into minerals, forests and hydle power/energy.
1. Mining and Quarrying
Pakistan has a widely geological frame work, ranging from pre-Cambrian to the present that includes a number of zones hosting several metallic minerals, industrial minerals, precious and semi-precious stones. Although many effort have been made in developing geological products, institutional, academic and Research and Development infrastructure, much remains to be done to enable this sector to take full advantage of its endowment. As a result of various efforts devoted for the development of mineral sector, resources of several minerals have been discovered over the last many decades, including world class resources of lignite coal deposits at Thar, Sindh, porphyry copper-gold deposits in Chagai, Balochistan, Iron ore deposits at Dilband, Balochistan, Lead-zinc deposits in Duddar, Balochistan, gypsum, rock salt, limestone, dolomite, china clays etc in the Indus Basic, ornamental and construction stones in the various parts of the country and about 30 different gems and precious stone deposits in northern Pakistan.
Mineral industry in Pakistan shows that over the last few decades this sector has been allocated very small amount - 0.45% to 2.46% of the total public sector expenditure since first five year plan reflecting its contribution to Gross National Product (GNP) of just around 0.5%. The mineral resources of a country are valuable means and measures of its economic and industrial growth. These are still more important for Pakistan because of its favorable geological environment and a large number of mineral resources in the country. Considering that substantial scope exists for the development uncertainties, it requires Government support and recognition of mineral sector.
The Govt. is fully committed to making the mineral sector in Pakistan one of the most profitable for the country. During the current fiscal year, mining and quarrying sector has registered a growth rate of 5.7 percent as against 4.58 percent of last year. The increased growth was propelled by strong growths recorded in magnetite-30%, dolomite-26.1%, Limestone-25.2% and chromites. To make this sector thrive more in the upcoming year the Govt. has already started various initiatives which is evident from the discovery and development of world class copper-gold deposits in Chagai, Balochistan by Australian Firms that would fetch $500 million to $600 million per year during the lives of these mines Development of Thar Coal field, one of the largest good quality lignite deposits in the world on completion, would provide additional source of energy.
2. Mines and Mineral Development Department
This department was created in Sindh in 2001 in pursuance of the National Mineral Policy, 1995. The department has taken all necessary steps for further establishing its field office. The province of Sindh has large quantities of minerals. In all there are 24 minerals which are being mined at present. The province also has large quantities of coal and granite reserves. The granite area which was previously inaccessible has now been connected with Karachi by network of roads and other facilities like Rest House etc. It is also proposed that Granite Park should be established at Nagarparkar. Karunjhar Range of Mountains in Nagarparkar has huge reserves of granite and other rock types of extractable thickness which has the potential to compete the international market.
Read more: Resources of Pakistan http://www.friendsmania.net/forum/b-com-part-2-ii-economics-pakistan-notes/28441.htm#ixzz2dnfCNujK
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