Pakistan has an abundance of natural resources. Nature has blessed the country with many types of fossil fuels which if utilized properly can reshape the country and put the country on a path to prosperity. However, political instability, corruption and lack of law and order in the country has prevented full use of such resources. Following are some of the details of natural resources of Pakistan which are needed to be utilized for the economic boom in the country:
Pakistan recently discovered one low and four low-to-medium quality coal seams in the Punjab region. Low sulfur coal was recently reported at the Baluchistan and near Islamabad. Bituminous, sub-bituminous, and lignite coal have been found in Pakistan. Coal reserves are estimated at 175 billion tons. This would equate to 618 billion barrels of crude oil. When compared to oil reserves this is more than twice the amount of the top four coal producing countries in the world. If At Saudi Arabia’s current usage rate, the reserves would last more than 200 years. Coal is also named as “black gold” in the world and Pakistan has large amounts of coal reserves. Main discoveries are Lakhra, Sonda, Thatta, Jherruck and Thar regions.
Oil and Gas:
Natural gas production is at a high level in Pakistan. Estimated reserves are 885.3 billion cubic meters (as of January 2009). Gas fields are expected to last for another 20 years. The Sui gas field is the largest, accounting for 26% of Pakistan’s gas production. Daily production is 19 million cubic meters a day. Under the barren mountains of Balochistan and the sands of Sindh, there are untouched oil and gas reserves. Potohar region is an oil rich region in Pakistan. Some parts of Baluchistan also have oil but Pakistan is famous for Coal and Gas rather than Oil. For now, Pakistan is importing Oil for fulfilling its requirements but oil fields of Pakistan have enough potential that it can produce more than its requirements.
Pakistan has large gold/copper ore deposits at Saindak area. There are large deposits of rock salt in the Pothohar Plateau. Pakistan’s mineral resources include reserves of gypsum, limestone, chromites, iron ore, rock salt, silver, precious stones, gems, marbles, tiles, sulfur, fire clay, and silica sand. Other than these, Pakistan has also good quality of Uranium at Dera Ghazi Khan region but Uranium details are not made public by authorities.