Transforming Pakistan’s energy future requires innovation, competition and PEX to drive sustainable, reliable energy The energy sector plays a pivotal role in Pakistan’s economic development. Beyond its significant contribution through investment and market capitalisation, energy serves as the lifeline of industrial growth, public welfare, and national progress. However, Pakistan’s energy sector faces daunting challenges that hinder its potential to drive economic prosperity. Challenges in the energy sector The energy sector in Pakistan grapples with a range of interconnected issues, including: Energy shortages: Chronic supply-demand imbalances have led to load-shedding, disrupting industries and daily life. Flawed distribution networks: Inefficiencies in the…
Author: Sanie Khan
With proactive planning and collaboration, Pakistan can leverage solar energy and banking reforms to build resilient economy Pakistan’s economic landscape is navigating a complex terrain of challenges and opportunities. Recent developments highlight the increasing reliance on solar energy and judicial interventions in banking sector regulations, both of which hold significant implications for the country’s fiscal and developmental trajectory. IMF concerns over solar energy transition The growing adoption of solar energy in Pakistan has garnered international attention, particularly from the International Monetary Fund (IMF). While the transition towards renewable energy is a positive development in reducing dependence on expensive imported fuels,…