To stabilize the economy and mitigate the impact of volatile global energy markets, the government should focus on two key strategies. First, Pakistan needs to expand its domestic energy production and reserves. Second, it should invest in renewable energy sources. By doing so, Pakistan can reduce its dependence on energy imports and diversify its energy supply. This approach will help the country move away from costly imported energy resources and transition towards more sustainable and cost-efficient energy solutions.
The is most closely related to Sustainable Development Goal (SDG) 7: Affordable and Clean Energy. This SDG aims to ensure access to affordable, reliable, sustainable, and modern energy for all while promoting energy efficiency and sustainability. The issues of energy dependence and rising global energy prices impact not only economic well-being but also environmental sustainability, aligning with the goals of SDG 7.
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