Pakistan was ranked 26th, in terms of purchasing power. Despite all these positive factors, we are not able to live up to the potential.
Resultantly, the situation got worse and we became well-acquainted with the term load-shedding.
Energy consumption and progress in economy are correlated.
Our industries are not able to meet the deadlines of contracts because of interruption in power-supply. Those who use alternative resources, to power-up their production units, are not able to make profit as the cost on production increases.
Because of the decrease in manufacturing our trade deficit is increasing.
UN set a limit of 100Kw H per capital consumption to experience medium level of human development.
Pakistan`s per capital consumption is 480Kw H, well below the limit set by UN.In present times, a developed economy highly relies on its industries for generation of foreign exchange.Unfortunately, Pakistani industries are on verge of destruction because of the energy crisis.Epilogue Energy is like an oxygen to modern economies and any deficit in it has an adverse affect on a developing country.Pakistan, being developing country, needs uninterrupted energy supply to progress at a good pace.Seniors, especially qualifiers of CS-2015, are requested to check this essay. Brief History of the origin of Energy Crisis in Pakistan 4.Energy crisis is a constraint to Pakistan's economic growth Outline: 1. Affects of Energy crises on economic growth of Pakistan a) Significant decrease in Manufacturing b) Increase in import-export deficit c) Industries are being shut-down because of energy crisis d) Case-study of Textile industry and energy affects on it 5.So the energy crisis has adversely affected the life of Pakistani people.Not a single institution is sparred by this crisis.Pakistan textile industry, which accounts for 64% of Pakistan imports, is the worse affected among other industries.The production of textile mills has been limited to only 40% of the total production capacity because of the prevalent energy crises.