Electricity

INTRODUCTION: 1.1 BACKGROUND: 1. Pakistans overall economy reassessment (2004-2006): Pakistans economy has recovered from classs of sluggishness, caused primarily to droughts, with growth go by dint of in the agriculture, industry and service sectors. In fiscal twelvemonth 2004-2005 (ending in June), Pakistan achieved gross national intersection growth of 8.4 shareage and in 200-2006 the country had GDP growth of 6.6 percent. High splashiness (9.1 percent) in 2004-2005 was attributed to escalating inunct prices, higher(prenominal) housing rents and food detail shortages. In an effort to decrease in instantlyion, the central bank of Pakistan inform that it would testify interest rates. The strategy worked, with inflation decreasing to 7.6 percent by the end of fiscal year 2005-2006. The International financial descent and the World Bank, both major donor organizations to Pakistan, substantiate acknowledge the favourable performance and progress in Pakistans morphological reforms. In 2004, the IMF approved a fresh impart of close to $250 one one thousand thousand million as part of its overall $1.5 cardinal aid package to Pakistan. In 2005, the United States began the premier(prenominal) instalments of a $3 billion aid package, which exit advance through 2010.

In 2006, the World Bank approved loans of $185 million for variant reform and infrastructure projects, in addition to the well-nigh $850 million loaned to the country in 2005. 2. Pakistans energy overview: In upstart years, the combination of rising crude oil consumption and flat oil production in Pakistan has led to rising oil writes from middle(a) Eas t exporters. In addition, the lack of refini! ng capacity leaves Pakistan to a great extent dependent on petroleum product imports. Natural suck accounts for the largest share of Pakistans energy use. Pakistan soon consumes all of its domestic indwelling gas production, but without higher production Pakistan will need to become a natural gas importer. As a result, Pakistan is exploring several pipeline and LNG import options to meet the judge growth...If you want to get a sufficient essay, order it on our website: OrderEssay.net

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