People in Pakistan's financial capital Karachi woke up on Monday with no electricity available anywhere in the metropolis. Get more World News and Business News on Zee Business.
Due to diminishing local gas sources and the failure of the Imran Khan administration to obtain a sufficient quantity of Liquified Natural Gas, Pakistan is on the approach of a severe gas crisis and rationing (LNG).
Following an increase in fuel prices, Pakistan's energy production costs have risen.
According to The Tribune, fossil fuels account for about two-thirds of the country's electrical generation.
Crude oil prices have risen to their highest level in three years, reaching USD 86 per barrel, according to the newspaper.