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COVER STORY
ENERGY SECTOR

Energy demand in Pakistan grew at an annual consumption growth rate of 4.8 per cent in the last five years and is expected to grow at a similar rate till the end of the current decade. Consumption of POL products shows that demand for oil and petroleum products has grown at an annual consumption growth rate of 5 per cent, while demand for natural gas grew at an average of 6 per cent. The relative share of gas in primary energy supply has increased from 37 per cent to about 41 per cent in the last five years.In view of ever growing cost of the POL products, the natural gas has become an obvious choice for developing economies being economically attractive and environment friendly fuel.


Auto Industry
Pakistan auto industry has remained blissfully immune to the aftermath of September 11 despite the slump which has left no industry untouched across the globe. If half-yearly result of one of the major local car producer is any indication the industry enjoyed an unprecedented profitability in the six-month ended December 31, 2001. PAGE analyzes the performance with a particular concern.


Export Collectorate
The Collectorate of Customs (Exports), is the largest exporting station of the country. To facilitate the exporters, this Collectorate has taken certain initiatives towards process re-engineering and modernization of the existing computer hardware and software. The Collectorate has established various Export Facilitation Centres. Under this concept over 90 per cent of the shipping bills are processed electronically.


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