As load shedding continues to pick up tempo, the overall political and economic uncertainty isn’t helping. Fuel prices have soared worldwide and continue to remain skittish, adding to the budget deficit when combined with soaring inflation it’s a recipe for disaster.
Despite consistent statements by the current government, the energy outlook of the country remains in shambles and critical economic decisions remain pending. To be fair, the issues had been brewing before the vote of no confidence took place and the government shifted hands.
The absence of electricity in cities throughout Pakistan during the ongoing heat wave has sparked an outcry from people. Although the energy situation isn’t getting better and protests against these outages continue, the current government seems to be leaning more and more towards renewables. And since the renewable energy solution providers are ready to pounce on this opportunity, clear and supportive government policies are necessary to spur this growth.