Abstract:
Energy is principal factor of any nation for its economic growth. In this research the relation between energy consumption and economic growth is articulated. Energy consumption in Pakistan is mainly dependent upon conventional fuels that are usually imported and also linked strongly with Gross Domestic Product. In this research, energy model Long-Range Alternatives Planning System (LEAP) is used and different scenarios are studied to evaluate energy demand for 2013 and predicted till 2040. This analysis postulates and uncovers the new horizons for the think tanks to the dissipated headway of energy sector of Pakistan to meet the widespread challenge of energy needs in coming years. This study aims to analyze the proposed and prevalent Energy policies in Pakistan and to identify conditions/gaps in the policy implementation that apparently accounted for energy crisis. The research is intended to convey messages and knowledge about the energy system and issues and improve the policy making process. This analysis will provide a useful insight for policymakers when designing policies for energy efficiency improvement. The existing Energy Policy does not prove to be successful because it is not environmentally friendly, the electricity rates appear to rise for a long-period and it has high dependence on imported furnace oil. In addition to this, a weak relation exists between electricity demand and electricity supply along. Therefore a gap analysis study will be carried out to study the energy policy and its implementation gaps and solutions to these problems will be laid down.