Impact of Mineral Resources on Economic Growth of Pakistan

Abstract

Natural resources are backbone of any country development. Many past study shows that the countries with natural resource abundance tend to grow slowly and natural resources has negative impact on economic growth and development of country. In these natural resources mineral and fuel is one of important resource and Pakistan is known to have abundant minerals resources but their contribution in economy has not been explored significantly up till now. We intend to explore empirically relationship between production of minerals and fuel and their impact on GDP in Pakistan. These minerals include natural gas, oil, gemstone, marble and coal.

Keywords: economic development, natural resource, coal