Abstract
Developing countries of the world are facing enormous problems and Pakistan is no exception. Pakistan is a developing country in South Asia which is the fourth largest populated country in the region and sixth largest country in the world. This study on Pakistan is a case-in-point for other developing nations of the world. So, it is important to highlight these problems including the energy crisis which has assumed serious dimensions during the last three to four years. Pakistan is facing serious problems in almost all the sectors, but energy problem has impacted the economic development severely. Apart from identification of the problems being faced by Pakistan, the paper focuses on the public perception and suggestions to solve them. Lack of governance, corrupt leaders, inadequate and faulty planning, and non-availability of speedy justice are the most critical of a long list of problems being faced by Pakistan. Pakistan is facing energy crises in the shape of Supply /Demand gap, Interrupted Supply, Energy losses, Energy Conservation, Quality of Energy Resources, Quality of energy services, inefficient appliances, Lack of infrastructure, Deforestation, Environmental issues, Health issues, Low BTU value, opportunity cost, fertilizer issues, Renewable and Nuclear Energy Promotion issues, etc. In the paper, relevant conclusions are drawn to suggest some solutions.
Highlights
Deposit a stream of strong words and announcements made by the past rulers of Pakistan, nothing concrete has been done to introduce a proper economy revival plan
One aspect of solutions for energy crisis of Pakistan can be (Haq, 2008): (1) Load shedding in Pakistan is acute and Government Policies but Government has not taken sufficient steps to solve this problem; (2) Iran offered to supply the electricity urgently on very cheap rates of about one third of Regulated Price Plan (RPP); China offered to supply the electricity at the cost of Rs. 300/month for unlimited usage; Pakistan is in severe energy crisis but America is not doing any sort of help to solve this problem
It is enforcing to the government of Pakistan to impose new taxes on electricity and fuel prices
Summary
We start the literature review with international reviews of some articles related to energy economic scenario: Comstock, Owen and Boedecker, Erin (2010). The energy crisis is one of the biggest challenges Pakistan faces today All or most of these problems are common to many developing countries: Army Rules; Afghan War; Bureaucracy in Government; Budgets base on Borrowed Funds and Bad Planning; Corrupt Leaders; Lack of Governance; Corruption in Departments; Electricity Terrorism; Electricity Load Shedding; Economic Terrorism; Foreign Policy; Feudalism; Islamization; Indo-Pak Relations; Inadequate Transport; Traffic and Safety Planning/Management Issues; Inadequate Economic Development; Illiteracy; International Interference; Leadership Gap; Lack of Health Infrastructure; Lack of Unity & Spirit of Brotherhood; Terrorism; Population Explosion; Lack of religious and moral values; Lack of ability and spirit of Patriotism in common man; Poverty and Unemployment; Popular Provincial Disharmony; Political Instability; Unemployment and; Rising Prices of basic commodities/Sugar & Gas
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