Keeping in view the present global scenario, Pakistan must urgently adopt a comprehensive strategy to strengthen energy security by diversifying its energy mix, expanding domestic resources and building larger strategic fuel reserves.
PFC for steps to strengthen energy security
LAHORE, Mar 15 (APP):Keeping in view the present global scenario, Pakistan must urgently adopt a comprehensive strategy to strengthen energy security by diversifying its energy mix, expanding domestic resources and building larger strategic fuel reserves.
Pakistan Furniture Council (PFC) Chief Executive Officer Mian Kashif Ashfaq, while chairing the council’s meeting here Sunday, said that a diversified and resilient energy framework would not only protect Pakistan’s economy during geopolitical crises but also support sustainable industrial growth and long-term economic stability.
He stressed that Pakistan must accelerate investment in alternative energy sources including hydropower, solar, wind and indigenous coal, besides promoting energy efficiency across industrial and commercial sectors.
The CEO suggested that government should enhance strategic petroleum reserves to cushion the economy against sudden supply disruptions and price hikes. Strengthening regional energy cooperation and developing alternative import routes would also help ensure uninterrupted fuel supplies.
