Energy Crisis in Pakistan

Topics: Energy development, Nuclear power, Peak oil Pages: 16 (5449 words) Published: August 14, 2013
Energy crisis and its consequences in Pakistan |
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SUPERVISORMAM SAMEERAByZOBARIA AKRAM KASHMIRIBS(HONS) ECONOMICSROLL NO:43 LAHORE COLLEGE FOR WOMEN UNIVERSITY| \\
Energy crisis and its consequences in Pakistan |
|
SUPERVISORMAM SAMEERAByZOBARIA AKRAM KASHMIRIBS(HONS) ECONOMICSROLL NO:43 LAHORE COLLEGE FOR WOMEN UNIVERSITY| \\
5/5/2012
5/5/2012

ENERGY CRISIS AND ITS CONSEQUENCES IN
PAKISTAN

SUPERVISOR

MAM SAMEERA

By

ZOBARIA AKRAM KASHMIRI
BS(HONS) ECONOMICS
ROLL NO:43

LAHORE COLLEGE FOR WOMEN UNIVERSITY

TABLE OF CONTENTS

CHAPTER 1
INTRODUCTION
PROBLEM SPECIFICATION
PROBLEM STATEMENT

CHAPTER 2
LITERATURE REVIEW
THEORETICAL FRAME WORK

CHAPTER 3
CONCLUSION
RECOMMENDATIONS
BIBLIOGRAPHY

INTRODUCTION
Energy crisis is any great bottleneck (or price rise) in the supply of energy resources to an economy. It usually refers to the shortage of oil and additionally to electricity or other natural resources. The crisis often has effects on the rest of the economy, with many recessions being caused by an energy crisis in some form or the other. In particular, the production costs of electricity rise, which raises manufacturing costs. For the consumer, the price of gasoline (petrol) and diesel for cars and other vehicles rises, leading to reduced consumer confidence and spending, higher transportation costs and general price rises. Energy is considered to be lifeline of any economy and most vital instrument of socioeconomic development of a country. Energy is pivotal in running machinery in factories and industrial units, for lightening our cities and powering our vehicles 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 crisis has emerged. Pakistan’s energy infrastructure is not well developed, rather it is considered to be under developed and poorly managed. Currently the country is facing severe energy shortage. Despite of strong economic growth and rising energy demand during past decade, no serious efforts have been made to install new capacity for the generation of the electricity. Moreover, rapid demand growth, transmission losses due to outdated infrastructure, power theft, and seasonal reductions in the availability of hydro-power have worsened the situation. Consequently, the demand exceeds supply and hence load-shedding is a common phenomenon through power shut down.

Problem Specification
Throughout the world electricity is the most widely used and desirable form of energy. It is a basic requirement for economic development and for an adequate standard of living. As a country’s population grows and its economy expands its demand for electrical energy multiplies. If this demand is not met adequately a shortage in supply occurs. This shortage can assume crisis proportions. Pakistan has been facing an unprecedented energy crisis since the last several years. The problems become severe during the summers. Large numbers of users have to be disconnected from the energy supply system to prevent overloading the generating stations (load shedding). On occasions the urban dwellers had to suffer load shedding of 8-10 hours every day. During the same time rural consumers suffered it for up to 20 hours at a stretch. Pakistan is going to have to suffer the horrible consequences of poor economic development due to this massive energy problem. The massive energy crisis has further worsened the economic conditions of this country as it has decreased agricultural production, and it has of course stopped the industrial process in the country. Pakistan is an agricultural country, and a huge quantity of agricultural raw material is actually produced in Pakistan. The country cannot sell its products to other countries and has hence suffered from a huge loss financially and...

References: * Awaam. Energy crisis in pakistan. Retrieved from savetheindus.org/vision/pdf/
* (2007). Energy crisis and Pakistan. Economic review, 38(6/7), 16-18.
* Hamayun,(2006). Energy crisis and pakistan. Civil Service Of Pakistan
* Malik, A. Power crisis in Pakistan. Crisis in Pakistan by Afia Malik
* Shah, S., & Bhatti, M. K. L. Crisis of electrical energy in Pakistan and future guideline for policy makers. International Journal of Basic & Applied Sciences, 9, Retrieved from IJBAS-
* Siddiqui, R. (2004). Energy and economic growth in Pakistan. The Pakistan Development Review, 43, 175-200.
* Sajjad Hashmey, A. (2012). Load shedding crisis in Pakistan.
* Shahzad, F. (2012). Punjab devastated by energy crisis.
* Ul Haq, D. N. (2008). Energy crisis in pakistan. IPRI Factfile, Retrieved from http://ipripak.org/factfiles/ff99.pdf
* Zehra Rizvi, S. N. (2012). Short term and long term impact of sales promotion. International Journal of Business and Management, 7, retrieved from www.ccsenet.org/ijbm
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