Natural Resources In Pakistan Case Study
CHAPTER # 1 1. INTRODUCTION The natural resources differ in types, deposits, features, and qualities from one country to the other as these resources have been geologically formed over decades in different conditions. Natural resource economics is very important in studying the scarcity and efficient allocation of natural resources. In addition, it develops the best methods and models for extracting, producing, and consuming the natural resources in ways that take into consideration the importance of sustainability of the natural resources for the future generations. Dealing with natural resources in economics is completely different than dealing with any kind of unnatural inputs. This is because the natural resources whether water, energy, mineral, or natural stone resources are finite. Therefore, the natural resources should be dealt with in the most efficient way possible in order to reduce their wastes which are generated during their extraction as well as production; and most critically to work on sustaining their available deposits. 1.1. MARBLE The word Marble comes from Greek word …show more content…
In Pakistan very few units are using these machines while rest of the industry uses locally fabricated machinery. The primitive mining techniques existing in Pakistan do not allow extraction of standard blocks. Major factors for the decline in Pakistan’s Marble Industry are lack of quality production and inconsistent supply of raw material. The extraction in Pakistan mainly comprise boring of holes in the bedrock, filled with explosives to blast the block, resulting not only in high wastage but also in smaller sized stone, substantially reducing the price. Standard quarry wastage in the world is taken at 50% of the gross produce; however, in Pakistan this reaches up to 73%. There are thus bright prospects of setting up joint ventures in the Marble Sector of
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