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UNDER UTILIZED RESOURCES

SOBIA IRSHAD
UNIVERSITY OF KARACHI
I Want to drag the attention through my letter towards the major
problem in the way of economic growth in Pakistan.
Economic growth is the reality of human activity. Social, Cultural,
Political sustainability depends on economic development. But
why Pakistan is not a Developed country? Since independence
Pakistan is an agricultural country we have masses of raw
material, but due to lack of modern technologies we are unable to
produce finished goods in our country on the other hand Pakistan
has a big problem of unequalized balance of payments and trade
deficit.
According to the current Pakistan economic survey report the
import target was set at $43.2billion (an increase of 6 PC) and
export declined by 9.5 PC.the overall trade deficit posted an
increase of 2.1 percent during FY2016.
Even Pakistan blessed with a lot of resources like In Punjab and
Balochistan there are approximately 175 trillion tons reserves of
coals, natural gases minerals like gold and copper, Forest , Fertile
land and waterfalls also are the big resources.
But in Pakistan we are just depending on imports so most of the
part of the GDP spends in import bill and for the use of other
expenditures in the nation. Government takes loans from the IMF
and other financial institutions.That loans continuously creating a
burden to the economy.
All waterfalls mix into the sea because of lack of Dams if we have
sufficient Dams to store that precious water we can use that
water in making Electricity.Tourism is also being affected due to
security reasons in Pakistan.
If we fully use our own God gifted resources not only we will be
able to get rid from that loans also we can serve that revenue in
the development of the country.