Tuesday, June 25, 2024

Pakistan Implements Market Closure by 8 PM to Conserve Energy Amid Economic Crisis

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In response to the deepening economic crisis and escalating debt in Pakistan, the federal and provincial governments have unanimously agreed to enforce market closures by 8 PM nationwide. This decision comes as part of the country’s concerted efforts to conserve energy and address resource challenges, according to Pakistan’s Planning Minister, Ahsan Iqbal.

Speaking to the media after the National Economic Council (NEC) meeting chaired by Prime Minister Shehbaz Sharif in Islamabad, Minister Iqbal highlighted the significance of this initiative. He stated that the measure has the potential to save approximately $1 billion annually and urged provincial representatives to implement it to preserve precious resources.

Energy has become a major challenge for Pakistan, and the government is committed to reducing its reliance on fossil fuels and imported oil. Minister Iqbal emphasized the need for energy conservation and the promotion of green energy sources such as solar, hydel, and wind power. He further stated that no new imported fuel-based projects would be introduced.

Earlier in January, the Pakistani government approved an energy conservation plan that included closing markets and malls by 8.30 PM. The Cabinet also implemented a ban on the use of inefficient appliances, aiming to save approximately 62 billion PKR annually. Prime Minister Shehbaz Sharif specifically directed all federal government departments to reduce electricity usage by 30 percent.

While the approved measures were intended to save Pakistan a significant sum and reduce the energy import bill, their full implementation was not achieved nationwide, as reported by Geo News.

As Pakistan grapples with its economic challenges, the decision to enforce market closures by 8 PM demonstrates the government’s commitment to conserving energy and utilizing greener alternatives. By promoting renewable energy sources and discouraging reliance on imported fuels, Pakistan aims to address its energy crisis and mitigate the financial strain on the country.

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