Economic consequences of environmental degradation

The majority of Pakistan's industrial sectors, for example fishing and agriculture, which account for more than one-fourth of the output and two-fifths of employment in Pakistan, are highly dependent on the country's natural resources. Hence, in order to sustain economic growth there is a high demand on already scarce natural resources. However it is ironic that what the country depends on for its growth is also what threatens the future welfare and success of the country. According to the World Bank, 70% of Pakistan's population live in rural areas and are already stricken by high poverty levels. These people depend on natural resources to provide income and tend to overuse these resources. This leads to further degradation of the environment and subsequently increases poverty. This has led to what the World Bank refers to as a "vicious downward spiral of impoverishment and environmental degradation."