Question

To what extent Pakistan can start mining projects to contribute to economic development?

Answer 1

Mining is an important industry in Pakistan. Pakistan has deposits of several minerals comprising copper, coal, chromite, gold, bauxite, mineral salt, & many other minerals. There are also a variety of precious and semi-precious minerals that are also mined. These comprise aquamarine, peridot, ruby, topaz, rare-earth minerals xenotime & bastnaesite, emerald, sphene, tourmaline, & several varieties & types of quartz.

Explanation:

• The mineral resources of Pakistan have the ability to increase the economy and support their people. To this end, Pakistan will first have to assess the value of its mineral wealth objectively and, next, devise a mining strategy focused on leading practices for attracting investment from mines and aspire to contribute a sector contribution of  a reasonable and fair percentage towards gross domestic product.
• Pakistan Mineral Industry is also well behind compared with global mineral industry given its vast reserves for "high demand & marketable minerals". Such uncertainty is triggered by interlinked issues in the mining industry, such as the bottle necks, regulation or policy, insufficient infrastructure, obsolete technologies, marketing problems, poor financial investment,  and geopolitical conditions.
• To improve the mining sector & to enhance its contribution to Pakistan's economic development, a strong national emphasis is needed to provide an atmosphere that is conducive to new mining firms. Convenient national & regional mining policies would be needed to reduce delays & hurdles for new entrants who must ensure investment stability, develop the resources required and provide local miners with the requisite technological inputs.
• Around the same time, financing and usage of "state-owned research agencies"like "Pakistan Mineral Development Corporation (PMDC)", "Geological Survey of Pakistan (GSP)",  & other Universities is of tremendous importance making sure "full potential" of "mineral resources" is "exported" as "marketable product" globally
• Pakistan must spend more time exploring & improving the opportunities in states where Pakistan that face a very wide gap between supply & demand, in particular in Baluchistan & Khyber Pakhtunkhwa regions; they need to establish robust mineral extraction strategy & their creation in light of law and order in these regions was relevant
• Pakistan's mineral industry has a potential to improve Pakistan's economy, state-owned ventures such as the establishment mark a significant step in that growth process, and a clear signal of global mining companies investing in Pakistan's mineral sector.

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Explain why Pakistan's coal mining production is much lower than ...

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