Pakistan braces for fuel shortages amid liquidity crisis – Gulf Today

Pakistan braces for fuel shortages amid liquidity crisis – Gulf Today

Photo has been used for illustrative purposes only.

The South Asian nation is facing a balance of payments crisis and the plummeting value of the Pakistani rupee is pushing up the price of imported goods. Energy comprises a large chunk of Pakistan's import bill.

Pakistan typically meets more than a third of its annual power demand using imported natural gas, prices for which shot up following Russia's invasion of Ukraine.