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Unfortunately, over the past few year, energy crisis has crippled the economy of Pakistan.Pakistan is facing short-fall of 4000MW to 5000WM in electricity, while situation of gas and oil is no different.Energy crisis affect on our agricultural sector a) Scarcity of water because of load-shedding and its affects on crop yielding b) Gas load-shedding and its affect on fertilizers industry c) Low-crop yield because of unavailability of agricultural apparatus 6.
Resultantly, the situation got worse and we became well-acquainted with the term load-shedding.
Energy consumption and progress in economy are correlated.
Energy crisis started in 2007 and has been prevailing in worse form even today.
Back in 2004-2005, Pakistan had surplus energy and GDP grew at a whooping rate of 7%.
Seniors, especially qualifiers of CS-2015, are requested to check this essay. Brief History of the origin of Energy Crisis in Pakistan 4.
Energy crisis is a constraint to Pakistan's economic growth Outline: 1. Affects of Energy crises on economic growth of Pakistan a) Significant decrease in Manufacturing b) Increase in import-export deficit c) Industries are being shut-down because of energy crisis d) Case-study of Textile industry and energy affects on it 5.
This situation is deteriorating after every passing day and economic growth has been halted.
Energy crisis can be defined: Increase in demand of energy - electricity, gas, oil - and decrease in supply.
Pakistan was ranked 26th, in terms of purchasing power. Despite all these positive factors, we are not able to live up to the potential.
Pakistan in among the eleven developing countries which are considered to have the potential to become largest economies of 21st century.