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How Pakistan is coping with the Challenge of High Oil Prices

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  • Malik, Afia

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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Bibliographic 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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Keywords: Oil; Prices; Deregulation; Pakistan; Macro-economy;

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Cited by:
  1. Rashid Amjad, 2007. "Environment and Natural Resource Management (The Presidential Address)," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 46(4), pages 325-336.

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