Pakistan is one of the richest countries in the world in terms of natural resources but also one of the poorest among them in their management. The country is abundant in the vital resources including that of energy, agriculture, minerals, population, and geography, but unlike the developed countries, these have not been properly exploited due to poor management. This dismayed situation is caused due to several, both chronic and acute, flaws which have led to poor governance of country since its inception except some brief spells of economic prosperity. Prevalent political rivalry and instability, worsening law and order and rampant corruption have catalyzed the situation to resource development impasse. Contrary to economic potential of its natural resources, Pakistan is a depending on foreign aid and debt, it is facing deficit in trade, acute energy crisis to run industry, and water stress for agriculture, to name a few challenges.
Before discussing what natural resources Pakistan possesses, it is important to understand what constitutes natural resources. These occur naturally within environments characterized by amounts of biodiversity and geo-diversity existent in various ecosystems. Some resources like water and agriculture are essential for survival of inhabitants while others like energy and minerals are secondary in nature but essential for economic development. However, efficient management of these resources is vital to achieve prosperity of nation. Natural resource management is a discipline with a particular focus on how management affects the quality of life for both present and future generations. It is interrelated with the concept of sustainable development. Pakistan is blessed with huge quantity of resources but lags in management. Being situated at one of the best geographic and geostrategic locations on the map of world, Pakistan is affluent in the natural resources. It has enormous energy surplus resource potential of both renewable and...
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