Pakistan Seeing Strong Growth in Consumption of Energy, Cement and Steel
Pakistan's energy consumption grew by 5.7% in 2015, faster than the 5.2% increase in neighboring India that claims significantly faster GDP growth. Primary energy consumption growth in a country is often seen as a strong indicator of its GDP growth. Ever since the advent of the industrial age , energy has become increasingly important as a driver of farms, factories, communication, transportation, construction, retail and other sectors of the economy. In addition to energy, other important economic indicators include cement and steel consumption, auto sales and air travel which are also growing significantly faster in Pakistan than in India. Pakistan Primary Energy Consumption Trend (Source: British Petroleum) Primary Energy Consumption: According to British Petroleum Statistical Review of World Energy released in June 2016, the primary energy consumption in Pakistan rose to 78.2 million ton oil equivalent (MTOE) in 2015, compared with 73.2 MTOE i...