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.
However, the daunting challenges and the mounting public pressure caused due to awareness of civil society are increasingly influencing the political decision making. Eventually, there is sign of hope for devising effective strategy to exploit the natural resource wealth of the country for its self sufficiency and viable economic development. It is suffice to say that the proper exploitation of this wealth would lead to the prosperity of this nation.
Before discussing what natural resources Pakistan possesses, it is important to understand what constitutes natural resources. These occur naturally within environments characterised by amounts of biodiversity and geodiversity 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...
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