Telecom operators on Thursday warned of shutting down their mobile and internet services amid power outages in Pakistan.
The National Information Technology Board (NIBT) said on Twitter, “Telecom operators in Pakistan have warned of shutdown of mobile and internet services due to prolonged power outages across the country, as the interruption will create problems and disruption in their operations. Still working.”
Meanwhile, on Monday, Pakistani Prime Minister Shahbaz Sharif warned the country that they may face load shedding in the coming month of July, Geo News reported.
He said Pakistan could not get the required liquefied natural gas (LNG) supplies even though the coalition government was trying to make the deal possible.
Pakistan’s monthly fuel oil imports hit a four-year high in June, Geo News reports, as Refinitiv data shows, as the country struggles to buy LNG for power generation, which is fueling demand. is increasing.
Pakistan is facing its own power crisis after failing to agree a deal to supply natural gas next month. Tenders for July were canceled due to high prices and low participation as the nation is already taking action to deal with the widespread blackout.
Pakistan’s government is attempting to promote energy conservation, cutting working hours for government employees and ordering factories in various cities, including Karachi, to close shopping malls early.
Pakistan already has two long-term supply deals with Qatar – the first signed in 2016 for five cargoes a month, and the second in 2021, under which Pakistan currently receives three monthly shipments, but the country is currently under extensive power. is in heavy hold. The increasing reliance on LNG for power generation has made the purchase of cooling fuel unreliable and costly.
Pakistani Petroleum Minister Musadiq Malik, who was in Doha earlier this week for talks with Qatar’s Minister of State for Energy Affairs and Qatar Energy’s Chief Executive Saad al-Kaabi, confirmed the talks, but said the government was “different”. innovative” pricing and supply strategies. in a broad-based conversation.
Pakistan’s Finance Minister Miftah Ismail said the government was in talks with Qatar for a five- or 10-year LNG supply deal for three monthly cargoes, as well as an additional cargo under the current deal.
The sharp decrease in foreign exchange reserves was a result of Pakistan’s double deficit inflation and lack of foreign exchange inflows. Inflation in Pakistan hit double digits in July, the biggest increase in nearly six years.
(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)