18. 11. 17
Energy shortfall still a threat to the economy: PEW
Click here to View Printed Statement
The Pakistan Economy Watch (PEW) on Friday said energy situation has improved but its scarcity is still a threat to the economy.
The government is too much focused on new energy projects while it should also promote efficient use of electricity, it said.
Losses due to load-shedding is still eating up a sizable share of the GDP as average power shortfall remains 4000 megawatt while average gas shortfall is at 2000 cubic feet translating into losses of Rs 15 billion per annum, said Dr. Murtaza Mughal, President PEW.
Weaknesses in the transmission and distribution system have resulted in the losses of Rs 250 billion within last seven years as domestic demand continue to increase by 10 percent annually.
In: UncategorizedComments (0)
