Pakistan Power Crisis: Earlier on Monday, Pakistani Prime Minister Shahbaz Sharif had warned the country that it might face load shedding in the month of July.
Pakistan Power Crisis: Telecom operators on Thursday warned to stop their mobile and internet services amid power failure in Pakistan. According to news agency ANI, the National Board of Information Technology (NIBT) said on Twitter, “Telecom operators in Pakistan have warned of shutdown of mobile and internet services due to prolonged power outages across the country, as disruptions to their operations.” creating problems and hindrances.”
Earlier on Monday, Pakistani Prime Minister Shahbaz Sharif had warned the country that the month of July might face load shedding, Geo News reported. He said Pakistan could not get the required liquefied natural gas (LNG) supplies even though the coalition government was trying to make the deal possible.
Pakistan is struggling to buy LNG
Refinitiv data shows Pakistan’s monthly fuel oil imports hit a four-year high in June, as the country struggles to buy LNG for power generation, boosting demand, Geo News reported. Increasing.
Pakistan is facing its own power crisis after failing to agree a deal for the supply of natural gas. Tenders for July were canceled due to high prices and low participation.
Pakistan’s government is attempting to promote energy conservation, cutting working hours for government employees and ordering factories in various cities, including Karachi, to close shopping malls early.
Inflation reaches double digits in July
The sharp decrease in foreign exchange reserves was a result of Pakistan’s double deficit inflation and lack of foreign exchange inflows. Inflation in Pakistan hit double digits in July, the biggest increase in nearly six years.