nergy is considered to be life line for the development of any country. It is the most important source for economic growth of a country. Energy is important in running machinery in factories and industrial units, for lighting our streets and our house-holds etc. There has been an enormous increase in the demand of energy as a result of industrial development and population growth, in comparison to enhancement in energy production. Supply of energy is, therefore, far less than the actual demand, resultantly crises has emerged. Pakistan’s energy infrastructure is not well developed, rather it is considered to be underdeveloped and poorly managed.
Unfortunately Pakistan will have to face a major energy crisis in Natural Gas, Power and Oil in next two-three years. This would delay the Economy of Pakistan (which is already in complexity). The high cost of the import of Oil, Construction of Big Dams, uncertain regional security environment attached with lack of national agreement to build dams are likely to delay quick resolution of energy crises. This energy deficit will lead to inflation. Similarly subsidies of billions of rupees have to be doped out “Water and Power Development Authority (WAPDA)” to bear loses. This would affect the national exchequer heavily.
An Energy Crisis is threatening large in upcoming years. There is an expected short fall up to 50% because of increase in demand and supply gas up to 3,000 MW. Pakistan’s total energy requirement would increase by 48% to 80 million tons of oil equivalent in 2011. Pakistan energy sector comprises of major sources with share of 50.4% of gas, followed by oil 29%, hydro electricity 11%, and coal 7.6%. Consequently, Pakistan imports energy to overcome the problem and maintain standard of living of people. The major shortfall is expected in natural gas supplies. Pakistan had 28 trillion cubic feet reserves of natural gas in 2006 but due to increase in its demand it is......