Archive for December 8th, 2011
Energy is the lifeline of a nation. The economic engine and the wheels of industry, agriculture and business need energy to move forward. Unfortunately in Pakistan, due to energy crisis (increasing gap in energy demand versus capacity, Pakistan’s economic, industrial and social growth has been greatly constrained. Pakistan is spending almost 20 per cent of its foreign exchange on fossil fuels imports. Annually $7 billion is being eaten away in import of conventional energy resources that is equivalent to 40 per cent of total imports by the country, but the country still lacks far behind in tapping the vast potential of alternate energy resources.