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How Pakistan is coping with the Challenge of High Oil Prices

Author

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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.

Suggested Citation

  • Malik, Afia, 2008. "How Pakistan is coping with the Challenge of High Oil Prices," MPRA Paper 8256, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:8256
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    File URL: https://mpra.ub.uni-muenchen.de/8256/1/MPRA_paper_8256.pdf
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    References listed on IDEAS

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    1. Kwan, Yum K. & Lai, Edwin L. -C., 2003. "Intellectual property rights protection and endogenous economic growth," Journal of Economic Dynamics and Control, Elsevier, vol. 27(5), pages 853-873, March.
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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.
    2. Inayat U. Mangla & Jamshed Y. Uppal, 2014. "Macro-economic Policies and Energy Security—Implications for a Chronic Energy Deficit Country," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 53(3), pages 255-273.
    3. Haroon Khan, 2015. "The Impact of Oil and Gold Prices on the GDP Growth: Empirical Evidence from a Developing Country," International Journal of Management Science and Business Administration, Inovatus Services Ltd., vol. 1(11), pages 34-46, October.
    4. Arshad, Ameena & Zakaria, Muhammad & Junyang, Xi, 2016. "Energy prices and economic growth in Pakistan: A macro-econometric analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 55(C), pages 25-33.
    5. Akbar Ullah & Karim Khan & Munazza Akhtar, 2014. "Energy Intensity: A Decomposition Exercise for Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 53(4), pages 531-549.
    6. Kessides, Ioannis N., 2013. "Chaos in power: Pakistan's electricity crisis," Energy Policy, Elsevier, vol. 55(C), pages 271-285.
    7. repec:eco:journ2:2017-05-9 is not listed on IDEAS
    8. Jamshed Y. Uppal & Syeda Rabab Mudakkar, 2014. "Mitigating Vulnerability to Oil Price Risk— Applicability of Risk Models to Pakistan’s Energy Problem," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 53(3), pages 293-308.
    9. repec:eee:rensus:v:81:y:2018:i:p1:p:1247-1258 is not listed on IDEAS

    More about this item

    Keywords

    Oil; Prices; Deregulation; Pakistan; Macro-economy;

    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; Prices
    • 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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