Analysis of Energy Crisis, Energy Security and Potential of Renewable Energy: Evidence from Pakistan

  • Khalid Latif Assistant Professor, College of Commerce, Government College University Faisalabad, Pakistan
  • Muhammad Yousaf Raza Department of Business Administration, Federal Urdu University of Arts Science and Technology Islamabad, Pakistan
  • Ghulam Mujtaba Chaudhary Assistant Professor, University of Kotli, Azad Jammu and Kashmir, Pakistan
  • Adeel Arshad Lecturer, Department of Business Administration, University of Kotli, Azad Jammu and Kashmir, Pakistan
Keywords: Energy Security, Renewable Energy, Climate Change, Social-Economic Development


Over the last thirty years, Asian countries have become a chief player in the worldwide scene. Pakistan is facing an acute energy disaster since last decade that impacts on social and economic development. Sustainable energy supply is an essential feature for the economic growth of any society. From the last five years, Pakistan is facing a shortfall between 4,000-5,000 megawatt. This study inspects the association between energy security, energy crisis, energy demand, energy supply, and renewable potential in Pakistan. It also evaluates the final energy demand-supply gap, provincial renewable energy distribution, sectorial distribution, and policy recommendation for future energy. For this study, we applied renewable and non-renewable energy scenarios during 2014-2035 and Market-Allocation method to prove the energy situation in Pakistan. The outcomes show that renewable resources are the best option in reducing energy risk, import cost, and enhance environmental and economic sustainability. With the objectives of our key findings, targeted suggestions and policies are given.


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Author Biographies

Ghulam Mujtaba Chaudhary, Assistant Professor, University of Kotli, Azad Jammu and Kashmir, Pakistan

Assistant Professor, University of Kotli, Azad Jammu and Kashmir, Pakistan

Adeel Arshad, Lecturer, Department of Business Administration, University of Kotli, Azad Jammu and Kashmir, Pakistan

Lecturer, Department of Business Administration, University of Kotli, Azad Jammu and Kashmir, Pakistan


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How to Cite
Khalid Latif, Muhammad Yousaf Raza, Chaudhary, G. M., & Adeel Arshad. (2020). Analysis of Energy Crisis, Energy Security and Potential of Renewable Energy: Evidence from Pakistan. Journal of Accounting and Finance in Emerging Economies, 6(1), 167-182.