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June 1, 2010

Resolving energy crisis in Pakistan

Muhammad Daheem

Pakistan is facing a major energy crisis due to huge difference between demand and supply of electricity. The country is facing a serious shortfall of 4500MW to 5500MW per day at peak hours. This shortage has paralyzed our industry, commerce and everyday life. Basically the issue is because of corrupt and unstable governments, mafia groups, mismanagement in public sector, irresponsible bureaucracy, lack of political will and negative power politics in Pakistan. It also shows failure of policies and practices of our successive governments. It seems there is no proper planning to overpower the giant of energy crisis. Proper attention has not been given to the soaring demand for energy that may be 44% over the next decade. Read More »Resolving energy crisis in Pakistan

State Bank of Pakistan raises 2009/10 GDP growth forecast

Associated Press of Pakistan

Provisional estimates of National Income Account’s Committee suggest that Pakistan’s real gross domestic product (GDP) growth will rebound to 4.1 percent in the current fiscal year (FY10) compared with an anaemic 1.2 percent last year on the back of above-target growth of livestock, large-scale manufacturing and services sectors.Read More »State Bank of Pakistan raises 2009/10 GDP growth forecast