LAHORE
\nIn most of developed countries,a single energy source is provided at the domestic and commercial levels to make best use for industrial and agricultural sectors whereas in Pakistan both resources power and gas is supplied at household level badly hampering economic growth especially during peak winter season.
\nSpeaking at a seminar on \u201cUse of Energy for Economic Growth \u201cheld under the aegis of Gold Ring Economic Forum\u201d here Thursday Coordinator to Federal Tax Ombudsman Meher Kashif Younis said Pakistan is the most gas-intense country in the world.He said over the years, the gas has been used quite injudiciously of which 50 percent is consumed by household consumers thus depriving the industry of its major share.
\nHe said although 78 percent of domestic households have no access to natural gas in Pakistan.He said the domestic sector gas consumption has grown 11 percent over the years\u2014 maximum growth among all the sectors.
\nHe said Pakistan has less than One percent share in world gas consumption which are met through imported and indigenous resources.
\nHe said gas is the third largest energy source consumed around the world.He said natural gas and LNG contribute more than 40 percent to the country\u2019s current energy mix including gas used in power generation.
\nMeher Kashif Younis said disruption of energy supplies from the world\u2019s largest supplier Russia is resulting in a hike in energy prices throughout the world.
\nHe said this a significant setback for an oil importing country like Pakistan,thereby shrinking the country\u2019s purchasing power even more.
\nHe cautioned that Pakistan is facing a severe gas shortage and urgently needs to carefully assess its strategic position in the global and regional context and more informal but timely decisions that are essential for its survival.<\/p>\n","protected":false},"excerpt":{"rendered":"
LAHORE In most of developed countries,a single energy source is provided at the domestic and commercial levels to make best use for industrial and agricultural sectors whereas in Pakistan both resources power and gas is supplied at household level badly hampering economic growth especially during peak winter season. Speaking at a seminar on \u201cUse of […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-292043","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n