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For almost a decade, Pakistan has lacked the energy it needs, with producers and consumers across the country facing power outages for up to 12 hours per day.Indeed, Pakistan's ongoing energy crisis is undermining its economic development: The Finance Ministry estimates that energy shortages have reduced annual economic growth by 2 percentage points, on average, over the last nine years.This means that, had Pakistan's energy sector been reformed properly, the country's economy could have grown significantly faster – by about 4 percent per year – potentially creating a sufficient number of jobs for a young and growing population.Over the last nine years, Pakistan has received assistance through two International Monetary Fund programs and numerous World Bank initiatives, as well as from the Asian Development Bank and various donor agencies. Simply spending more to supply more energy has been tried before – at huge cost to the country.It is time for Pakistan to undertake a more thorough audit of its energy crisis. As it stands, energy supply and distribution in Pakistan is managed through a centralized government bureaucracy. There is a clear need for systemic reform of all aspects of Pakistan's energy system.Otherwise, losses will only grow – and not just in the energy sector.
The mullah-led development model, a new approach
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