Islamabad (Commerce Desk) The National Assembly Standing Committee on Finance was given a detailed briefing regarding the possible impact of the tense situation in the Middle East on Pakistan’s economy.
A senior economist and public financial management expert informed the committee that inflation could become a major economic challenge due to the current global situation, which may affect the overall economic structure.
The briefing stated that a large portion of electricity generation in Pakistan depends on RLNG and furnace oil; however, disruptions in the supply of these sources have affected production, leading to an increase in load shedding.
According to experts, Pakistan has a total solar energy potential of 33 gigawatts, but it has not yet been fully integrated into the national energy system, resulting in underutilization of this resource.
The briefing further emphasized that incorporating alternative energy sources into the system has become extremely necessary in the current situation.
