Paksitan Minerals

 

• Pakistan Mineral Report

• The recent Economic Survey of Pakistan 2019-2020 highlights the declining state of Pakistan's mining and quarrying sector, with a decline of 2.88% in the fiscal year 2019-2020. This decline is a concern for Pakistan's economic growth, as the mining and quarrying sector only contributes 2.51% to the country's Gross   

 

• Introduction to Pakistan's Mineral Wealth

• Pakistan is a country rich in mineral resources, which have played a crucial role in its economic and social development (Ishfaque et al., 2021). According to the comprehensive report on mineral resources of Pakistan, there are various important minerals in the country that have contributed to its growth. These include coal, natural gas, crude oil, copper, gold, silver, iron ore, limestone, and salt. Coal is one of the significant minerals in Pakistan.

• Types of Minerals Found in Pakistan

• Pakistan is blessed with a variety of minerals, each with its own economic potential. These include: coal, natural gas, crude oil, copper, gold, silver, iron ore, limestone, and salt.

• Economic Impact of Pakistan's Mineral Resources

• The presence and development of Pakistan's mineral resources have had a significant impact on its economy. Mineral development has contributed to the economic growth and social development of several industrialized and emerging countries, including Russia, Australia, Canada, and China.

• Major Mining Areas in Pakistan

• Pakistan has several major mining areas that are rich in minerals. These areas include Balochistan, Khyber Pakhtunkhwa, North and South

• According to the report on mineral resources of Pakistan, these areas include:

• Other areas where gold can be mined include Chagai district (Balochistan) , Swat Valley (Khyber Pakhtunkhwa), Gilgit Baltistan region etc.. Potential For Economic Development : - Mining activities provide much needed revenue for local communities through taxes on extraction operations or royalties paid by companies operating mines . They also create job opportunities both directly within industry itself as well as indirectly through related services like transportation & logistics support etc… Moreover these projects often spur investment into other sectors such as infrastructure thus helping the overall growth process .. - Furthermore exploitation & processing raw materials locally helps reduce reliance on imports while providing access to international markets thereby increasing foreign exchange earnings … All these factors combined make mining sector very attractive from economic standpoint leading towards higher standards living among population 

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