Pakistan faces serious problems like revolving credit in energy sector: ADB | Urdu Media

admin
admin 24 December, 2022
Updated 2022/12/26 at 8:13 AM
1 Min Read
311430 015811 updates
311430 015811 updates

Asian Development Bank’s Central Asia Region Economic Operation Energy Outlook Report Released / File Photo The Asian Development Bank (ADB) says that Pakistan is facing serious problems in the energy sector such as revolving credit. Asian Development Bank’s Central Asia Region Economic has released the Operation Energy Outlook report which states that Pakistan needs $155 billion investment in energy sector as Pakistan is facing serious problems like revolving credit in energy sector while energy There are also problems of transmission and distribution in the sector. According to ADB, the reason for the lack of exploration in the energy sector in Pakistan is the dependence on imported fuel. Electricity production from alternative energy sources is decreasing in Pakistan. The report says that there is a lack of investment in exploration in Pakistan due to lack of policy. In 2019, local oil production in Pakistan was 4 million tons and Pakistan Annual gas reserves in According to the report, Pakistan is importing 1.5 million tons of coal annually to meet the needs of the energy sector, while coal reserves in Pakistan are about 3 billion tons.

Share this Article
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *