Asian Surveying & Mapping
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December 26th, 2011
Power Outages Hit Economic Activity

The World Bank observed that power shortages has adversely affected the economic and commercial activities in Pakistan, as estimated production loss to the economy is two per cent of the GDP per annum or might be more than that. The World Bank in its recent report titled “Country Partnership Strategy Progress Report FY 2012-14” has said, “The government has taken some difficult steps such as increasing tariffs by 75 per cent over the past 2 years but there is an urgent need to more deeply transform the power and gas sector”. The report noted that energy investment is critically needed.  Read More