Pakistan is currently struggling with increasing economic pressure. The ongoing tension between America and Iran is now affecting the energy supply across the world, due to which oil and gas have become expensive and the burden on Pakistan’s already weak economy has increased further. According to the report of ‘The News International’, the Pakistan government is making diplomatic efforts to handle the situation and is trying to reduce the tension, but no concrete solution has been found yet.

Due to the uncertainty of the situation and blockage in important routes like the Strait of Hormuz, fuel supply remains low and prices are high. Its biggest impact is on those countries of Asia which are dependent on outside countries for energy. Pakistan, which is largely dependent on imported fuel, has seen a significant increase in prices in recent weeks. There is some relief now, but the situation is still unstable and if tension continues, prices may rise again.

Its effect is now visible on the entire energy system. There are complaints of power cuts and gas shortage in many parts of the country. The effect of expensive fuel is now visible on people’s electricity bills as well. The electricity regulator is preparing to charge an increase of Rs 1.42 per unit under the fuel adjustment of February.

How did Pakistan suffer a loss of Rs 200 billion?

Experts say that if this crisis continues till summer, when the demand for electricity is high, then the burden on people may increase further. Questions are also being raised on the steps the government is taking to save energy. Chainstore Association of Pakistan says that due to early closure of shops, there has been a loss of business worth about Rs 200 billion in just two weeks.

According to the report, they also say that organized retail shops are suffering more losses, while small and informal markets are not being affected so much, due to which there is no equality and real savings are also not being achieved. Overall, the economic situation of the country remains worrying.

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