Question

write three importance of natural resources in economic development of Pakistan?
please answer this in points​

Answer 1

Pakistan is one of the richest countries in the world in terms of natural resources:

1) Pakistan is affluent in the natural resources. It has enormous energy surplus resource potential of both renewable and nonrenewable, which is greater than that of oil rich countries of Gulf.

2) Pakistan has world’s second largest coal deposits of 185 billion tons. This is more than twice if we compare it with oil reserves of Saudi Arabia. If it is converted into oil by gasification, it will generate 650 barrels of crude oil

3) Wind and Solar energy are other unused lifelines of Pakistan. 1046 km long coastal line gives potential of 40000 MW of electricity. The vast lands of Balochistan can be utilized for solar electricity generation

PLEASE MARK AS BRAINLIEST!!!!!!!!!

Answer 2

Natural capital can play an important role to boost the economic growth and to accelerate the pace of development. Evidence is found that the countries having vast natural resources could not perform significantly compared with the countries deficient of natural capital. This paper empirically explores the contribution of natural resources to economic growth for Pakistan for the period of 1975-2006 using time series econometric technique. The results are very much similar with existing literature available on the subject. There is adverse nexus between exports related natural resources as ratio of GDP and economic growth. Checks for robustness of estimates have also been performed to avoid the misleading results. Our findings also indicate that inadequate attention has been paid to human resource development in Pakistan throughout our sample period.