Islamabad, Like Sri Lanka, the power crisis in Pakistan is getting worse. Electricity supply to homes and factories in Pakistan is being cut. This is because, like Sri Lanka, Pakistan is suffering from a shortage of foreign currency.
The shortage can be gauged from the fact that Pakistan is not in a position to buy coal or natural gas from other countries, which is affecting the operation of the power plant. Had reached record heights over the months.
According to the report, the rise in prices has made it difficult for the South Asian country to buy fuel from the spot market.
According to Pakistan’s newly-appointed finance minister Miftah Ismail’s Twitter post, 3,500 MW of power plants were shut down in the country till April 13 due to fuel shortages. According to Tahir Abbas, head of research at Arif Habib Ltd in Karachi, 7,000 MW is about 25 per cent of the country’s total power generation capacity.
