How Pakistan is coping with the Challenge of High Oil Prices

Afia Malik

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Oil; Prices; Deregulation; Pakistan; Macro-economy (search for similar items in EconPapers)
JEL-codes: L16 Q41 Q43 Q48 (search for similar items in EconPapers)
Date: 2008-02-20
New Economics Papers: this item is included in nep-cwa and nep-ene
References: View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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Related works:
Journal Article: How Pakistan Is Coping with the Challenge of High Oil Prices (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:8256

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