Pakistan’s biggest import bill comes from the energy sector. The country relies heavily on imported fuel for power generation which puts immense pressure on its foreign exchange reserves.
According to a State of Industry Report issued by Nepra in 2022, Pakistan spends approximately $21 billion on fuel imports.
With the country engulfed in an economic crisis awaiting bailout, the need to switch to indigenous fuel resources has become a must and Thar coal reserves offer Pakistan that opportunity. So why has the country not fully explored its potential? We asked economist Dr Kaiser Bengali.
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