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How Pakistan is coping with the Challenge of High Oil Prices

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Author Info
Malik, Afia

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Abstract

The paper is a review of possible consequences and challenges presented by high oil prices in Pakistan. Pakistan is heavily dependent on imported fuels and this dependence is expected to increase even further in future given the depleting gas resources. The rising oil prices in the international market has had effected negatively balance of payment position as well as on the budgetary position of the country and contributed in creating inflationary pressures in the economy. For long run development oil will remain an important source of energy. The government should chalk out strategies for ensuring efficiency in use; and development, adequacy and reliability of supply. Unless appropriate steps are taken this trend of rising oil prices will further aggravate the negative impacts on the economy.

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File URL: http://mpra.ub.uni-muenchen.de/8256/
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 8256.

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Date of creation: 20 Feb 2008
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Handle: RePEc:pra:mprapa:8256

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Related research
Keywords: Oil Prices Deregulation Pakistan Macro-economy.

Find related papers by JEL classification:
L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply
Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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This page was last updated on 2008-11-18.


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