Pakistan’s Power Crisis: A Perfect Storm of Policy Failures

Quick Summary:

Pakistan’s soaring electricity prices are the culmination of three decades of ill-conceived policies, corruption, and a lack of long-term planning.

The average cost of electricity in Pakistan stands at $0.23 per unit, a rate that has prompted many consumers, including industries and farmers, to shift toward solar energy.

To effectively address these challenges and foster economic growth, Pakistan must adopt a holistic strategy that integrates energy efficiency, grid enhancements, and a strong renewable energy sector.

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Article Details

Author / Journalist: Abdul Waheed Bhutto

Category: Economy

Markets: United StatesBangladeshChinaIndiaLithuaniaMongoliaPakistanSri Lanka

Topics: Costs Crisis Pakistan Electricity Consumers Economic Energy Sector Challenges Percent Power

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-20 @ 23:06:00 (4 days ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 2785 words

Reading Time: 16 minutes read

Sentences: 132 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Diplomat

News ID: 22240201

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Main Topics: Economy

Official Website: thediplomat.com

Year Established: 2001

Headquarters: United States

News Last Updated: 1 days ago

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