Pakistan has abundant natural and human resources that could help reduce poverty and spur economic development if properly managed. However, mismanagement and lack of proper planning have hindered Pakistan's potential. Adopting best management practices in areas like planning, organizing, leading and controlling could help Pakistan better utilize its resources and put the country on a path of self-reliant and sustainable growth.

1. PRESENTED BY: Nouman Ali L4F11MCOM0041 Bilal Ashraf L4F11MCOM0051 Haris Obaid L4F11MCOM0043 M. Abdullah L4F11MCOM0041 Section MMB Punjab College Of Commerce

2. Pakistan is rich in diverse human and natural resources. Pakistan has an area of 796096 km 2 and population of 170 million. Pakistan’s human resources include a population of intelligent young people and a burgeoning urban middle class. The abundant natural resources, culture, knowledge, wealth, and infrastructure are enough to reduce poverty, improve social well being and bring the country in fast developing lane. This combined with its prime location will lead to long-term success for the nation.

8. FISH: Pakistan has ample scope to develop fisheries on inland fish farms as well as in rivers and lakes besides marine fishing at Sindh and Makran coasts. Pakistan earns 6% of its foreign exchange from export of fish, shrimps and fish products. Our fish exports to Europe are still hampered by dirty environment at fish harbor at Karachi. FORESTS: The desired level of forests is 20% to 30% of total area in a country. Pakistan has only 4.8% of area covered by forests. Reckless cutting of trees for firewood and other commercial purposes is resulting in deforestation causing destruction of our environment and loss of food and resources. AGRICULTURAL RESOURCES

9. WATER RESOURCES: There are Indus system of rivers and rivers of Balochistan. Then there is rain water. Pakistan needs to build big and small dams to store rain water. But alas we are not building such dams merely because of mismanagement. On the one hand there are floods destroying our cities and villages, crops, animals and poultry. On the other hand we are short of water supply for generating electricity, for irrigation or industrial uses. Similarly, neither we have been able to manage supply of drinking water nor we have been able to manage proper disposal of sewage water. Pakistan has 650 miles of coastline on the Arabian Sea and Gulf of Oman.

10. By: Ministry of Petroleum & Natural Resources - Government of Pakistan Pakistan has few deposits of metallic minerals but substantial deposits of some non-metallic minerals. Minerals Extraction (2010) Reserves Coal 3.536 mil tons 185 billion tons Natural Gas 41990 mil m 3 492 billion cubic meters Crude Oil 23.7 mil barrels 184 million barrels Rock Salt 1.944 mil tons Over 100 million tons China clay 23000 tons 4.9 million tons Iron Ore 437000 tons Over 430 million tons

11. COAL, GAS & OIL: Under the barren mountains of Balochistan and the sands of Sindh, there are untouched coal, natural gas and oil reserves. Besides, coal reserves are also available in powder form under water. According to Dr . Samar Mubarakmand coal reserves at Thar only could be used to produce 50,000 megawatt electricity and 100 million barrel diesel just through the gasification of these reserves.

13. COPPER AND GOLD MINES There are emerald mines in Mingora and copper, silver and gold mines in Balochistan. Government has undertaken the copper and gold mining projects at Saindak and Reko Dik. The Reko Diq Copper & Gold Project has an estimated 12.3 million tons of world class copper and 20.9 million ounces of gold worth around $ 125 billion US dollars. In spite of their huge potential, the two mega projects have become stagnant due to mismanagement.

14. The EDUCATED YOUTH can be utilized by teach the students in the rural areas, by this we can use human resource in a very good manner and also reduce the rate of illetracy. HUMAN RESOURCES

15. PLANNING ORGANIZING LEADING CONTROLING

16. PLANNING: A process that involves defining the organization’s goals, establishing an overall strategy for achieving these goals, and developing a comprehensive set of plans to integrate and coordinate organizational work . ORGANISING: A management function to develop a framework by which job tasks are divided, grouped and coordinated to make optimum use of resources such as men, material, money, machines and methods.

17. LEADING: Management function that involves motivating subordinates, influencing individuals or teams as they work, selecting the most effective communication channels or dealing in anyway with employee behavior issues. CONTROLLING: Management function that involves monitoring actual performance, comparing actual to standard, and taking action, if necessary.

20. No doubt technical and financial resource constraints have their impact on the economy but best management practices can bring the turn around quickly and Pakistan may start its growth path with proper planning, dedicated leading, resolute monitoring and effective controls. BEST MANAGEMENT PRACTICES: