Economic data
Govt ‘wastes’ Rs3.5tr yearly on energy imports
ISLAMABAD: Pakistan is wasting Rs3.5 trillion annually — more than three times the federal development budget — on unnecessary, rising energy-sector imports due to mismanagement, delays in adopting building codes, and failure to implement an indigenisation plan for energy materials and equipment that used to be produced locally. This was the crux of an event on ‘Pakistan’s Energy Security’, organised by the LUMS Energy Institute (LEI) and attended by National Grid Pakistan (NGP) Chairman Dr Fiaz Chaudhry, Chief Executive Officer of the Independent System and Market Operator Dr Masood Ahmad, a