the fact that a prolong war in Iraq may hit the supply as
well as the prices of the petroleum products all over the
world, supply in Pakistan may not disrupt as the country has
alternative options for importing oil. There is no need of
any panic regarding supply side as the government has
already arranged stocks for 30 days, while we have
alternative options for oil supply in case war prolongs.
However, the price factor would certainly affect the
economies both in the developing as well as the developed
The situation once again reminds that Pakistan which has
succeeded to reduce its
imported oil by 50 per cent should gear up its efforts to
optimize its indigenous energy resources.
developing the domestic gas and coal resources, situation
demands for accelerated efforts for expediting the cross
border gas pipeline project on war footings.