• 3 minutes Could Venezuela become a net oil importer?
  • 7 minutes Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 12 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 6 hours Could Venezuela become a net oil importer?
  • 29 mins Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 9 hours Tesla Closing a Dozen Solar Facilities in Nine States
  • 15 hours Saudi Arabia plans to physically cut off Qatar by moat, nuclear waste and military base
  • 9 hours Why is permian oil "locked in" when refineries abound?
  • 6 hours Gazprom Exports to EU Hit Record
  • 39 mins Oil prices going down
  • 6 hours Oil Buyers Club
  • 6 hours Could oil demand collapse rapidly? Yup, sure could.
  • 8 hours EU Leaders Set To Prolong Russia Sanctions Again
  • 4 hours Saudi Arabia turns to solar
  • 1 day Teapots Cut U.S. Oil Shipments
  • 9 hours EVs Could Help Coal Demand
  • 23 hours Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 1 day Hot line, Macron: Phone Calls With Trump Are Like Sausages Best Not To Know What Is Inside
  • 15 hours China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go

Pakistani Energy Shortages Creates Unemployment

Pakistan’s ongoing energy crisis is impacting the labor market, causing hundreds of thousands of people to lose their jobs.

According to Samar Mubarakmand, a Science and Technology, Planning Commission member, the country’s chronic energy shortages have affected more than 25,000 industrial enterprises and more than 400,000 people are now unemployed now because of the country’s chronic energy shortages.

Addressing the Rawalpindi Chamber of Commerce and Industry, Mubarakmand commented that the issue was a pressing one requiring immediate resolution, unable to wait for a few years until the government could resolve it and that the capital cost should be met by the private sector and the country’s raw energy material assets should be used, the News Online reported.

In addressing the country’s indigenous energy assets Mubarakmand specifically noted that the production of electricity and gas at the country’s Thar coal fields was significant and should be expanded.

Mubarakmand has repeatedly boosted the potential of Pakistan's Thar coal reserves, noting that the underground coal seams spreading over 9,600 square kilometers in Sindh were 100 times greater in value than the petroleum reserves existing in oil producing countries., while comparing it to China, where there are vast coal reserves and 60 percent of power generation there is based on coal.

By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News