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Saturday, June 12, 2010
Khyber Pakhtunkhwa's mineral income declining
Khyber Pakhtunkhwa has a rich spectrum of minerals, but due to corruption, mismanagement, political influence and preferential treatment not much is being done to cater to these resources, according to a DawnNews report.
Khyber Pakhtunkhwa’s mineral income is decreasing as it is not utilizing the full potential of its mineral wealth, the report stated.Besides precious and semi-precious stones, the province is rich in lead, antimony and copper.
The mineral income of Peshawar has decreased from 13 million to 6.7 million in a year. In another mineral hub, Kohat, the income has shrunk from 15 million to 6.6 million. Malakand earned only 7.6 million this year from minerals, as compared to 15 million in the previous year.
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