Energy Crises and Its Impact On The Economy Ppts Final Slides
Energy Crises and Its Impact On The Economy Ppts Final Slides
Energy Crises and Its Impact On The Economy Ppts Final Slides
AND
ITS IMPACT ON THE ECONOMY OF
PAKISTAN
GROUP MEMERBS
M. Ali Malik
Fahad Rasheed
M. Hashim Rana
Arslan Bukhari
INTRODUCTION
An energy crisis is any great bottleneck (or price
rise) in the supply of energy resources to an
economy. In popular literature though, it often
refers to one of the energy sources used at a certain
time and place
Continued….
Energy runs machinery in factories, lights our
cities and powers our vehicles. There has been an
enormous increase in the demand for energy as a
result of industrial development and population
growth. Supply of energy is, therefore, far less than
the actual demand.
Continued….
The energy sector is an important one for all the
various countries of the world, and especially, the
countries that are developing from an economic
point of view. It has been observed that the energy
sector has played a crucial role in the context of the
global economy. Prices of oil and such other
sources of energy have been affecting the
economies of various developing nations and have
been playing crucial roles in shaping them.
Continued……
Energy resources have depleted! Whatever
resources are available are simply too expensive to
buy or already acquired by countries which had
planned and acted long time ago. Delayed efforts in
the exploration sector have not been able to find
sufficient amounts of energy resources.
Continued…
Pakistan’s economy is performing at a very high
note with GDP growing at an exceptional rate,
touching 8.35% in 2004-05.In its history of 58
years, there has been only a few golden years
where the economy grew above 7%. This year
official expectations are that GDP growth rate will
be around 6.5 – 7.0%.
Continued…….
For the coming years, the government is targeting
GDP growth rate above 6%. With economy
growing at such a pace, the energy requirements
are likely to increase with a similar rate. For 2004-
05, Pakistan’s energy consumption touched 55.5
MTOE (Million Tons of Oil Equivalent).
Now FAHAD will proceed further
Major energy crises feared
Pakistan is most likely to face a major energy crisis
in natural gas, power and oil in the next three to
four years that could choke the economic growth
for many years to come, official estimates and
energy experts suggest.
Continued……
Pakistan’s total energy requirement would increase
by about 48 per cent to 80 million tons of oil
equivalent (MTOE) in 2010 from about 54 MTOE
currently, but major initiatives of meeting this gap
are far from turning into reality, said a former
petroleum minister on condition of anonymity for
the simple reason that he had also served the
present government.
Continued….
Last year’s oil import bill amounted to about $6.5
billion compared with about $3.5 billion in 2004-
05, mainly because of higher international oil
prices.
Coal
Pakistan has world seven largest reserves of coal after the
discovery of Thar.