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Situation in Pakistan remains chaotic after the 2024 election, and economic data shows that Pakistan's economic crisis will continue. According to the Pakistan Bureau of Statistics, the inflation rate stood at more than 29% in January. Pakistan also has to manage roughly $30 billion in annual external debt obligations, as its foreign currency ...
Experts have warned of an impending energy crisis since 2006. [33] Speaking at a Seminar 'Fueling the Future: Meeting Pakistan's Energy Needs in the 21st Century' held in Washington, D.C. in June 2006 then energy adviser to the prime minister of Pakistan Mukhtar Ahmed stated that the country was taking steps to address the energy shortage. [34]
Electricity in Pakistan is generated, transmitted and distributed by two vertically integrated public sector companies, first one being Water and Power Development Authority responsible for the production of hydroelectricity and its supply to the consumers by electricity distribution companies (DISCOS) under the Pakistan Electric Power Company (PEPCO) being the other integrated company.
Developing resilient energy systems to power health facilities in Pakistan could avert over 175,000 deaths in the country by 2030, a new new study by the United Nations children’s agency said ...
Following the international credit crisis and spikes in crude oil prices, Pakistan's economy could not withstand the pressure, and on 11 October 2008, the State Bank of Pakistan reported that the country's foreign exchange reserves had gone down by $571.9 million to $7,749.7 million. [65]
1970s energy crisis – caused by the peaking of oil production in major industrial nations (Germany, United States, Canada, etc.) and embargoes from other producers . 1973 oil crisis – caused by an OAPEC oil export embargo by many of the major Arab oil-producing states, in response to Western support of Israel during the Yom Kippur War
The 2022 Pakistan floods mainly caused by increased precipitation and glaciers melting fueled by climate change, destroyed around 50% of the crops of Pakistan which can lead to food shortages. [ 27 ] In 2024, it was reported that Pakistan has faced a orange shortage due to climate change, which has reduced citrus production by 35%, slashed ...
The 2023 Pakistan blackout was a power outage that occurred across the entirety of Pakistan on 23 January 2023. [1] This was the second major grid breakdown in Pakistan in 2 years, and the second largest blackout in history. [ 2 ]