A new constitutional crisis has emerged in Pakistan, a country already engulfed in another political crisis for months that shows no signs of abating. The government introduced a bill in the National Assembly, the lower house of parliament to curtail the Supreme Court's powers. The legislation, called the Supreme Court (Practice and Procedure) Act, 2023.READ MORE
Pakistan must transition to nuclear energy for electricity production as a cost-effective and reliable alternative to fossil fuels amid escalating energy costs. Rising electricity costs have triggered nationwide economic and social upheaval, sparking widespread protests. Pakistan's energy sector relies heavily on imported fossil fuels, accounting for up to 40 percent of primary energy imports. TheREAD MORE
Pakistan's energy needs require imports from Central Asia and Iran but internal and external hurdles complicate its journey to energy security. The current fiscal year has seen a significant increase in energy prices in Pakistan as a result of several causes, including the post-COVID global recession, the crisis in Russia and Ukraine, the impact ofREAD MORE
Mass mismanagement, fuel price adjustments, and taxes have increased the cost of electricity to an unprecedented level in Pakistan. The devaluation of PKR has surely increased the price of electricity in the country but this is not the sole reason. The issue was always there as the government had deliberately kept tariffs down with subsidies.READ MORE
The rise in global disruption and the country's own political and economic crises are driving the country toward energy insecurity. Energy market took a drastic change in 2021 because of rapid economic recovery that had been delayed by pandemic. The situation exploded into a full-fledged worldwide energy crisis after Russia's invasion of Ukraine in FebruaryREAD MORE
Russia's invasion of Ukraine has put pressure on the global economy, resulting in worldwide energy crises and a drop in Russia's overall exports as a result of war. The hostities in the region have catastrophic impacts on the global economy. COVID 19 had already weakened the global economy while the impacts were further exacerbated byREAD MORE