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Eco 403 GDB 2

Pakistan is an oil-importing developing country where the oil and gas sector is important for boosting the economy and living standards. An increase in petrol prices would negatively impact transportation, communication, petrochemical industries and electricity generation - all sectors that directly or indirectly use petrol and petroleum products. This would lower overall output and economic activity in Pakistan and potentially increase unemployment levels.

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Umer Aslam
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258 views1 page

Eco 403 GDB 2

Pakistan is an oil-importing developing country where the oil and gas sector is important for boosting the economy and living standards. An increase in petrol prices would negatively impact transportation, communication, petrochemical industries and electricity generation - all sectors that directly or indirectly use petrol and petroleum products. This would lower overall output and economic activity in Pakistan and potentially increase unemployment levels.

Uploaded by

Umer Aslam
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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The Case:

Pakistan is a developing country. It is not oil producing country rather oil


importing country. This sector is very important for the economy of Pakistan. In
other words we can say that development of oil and Gas sector is the key to
boost up not only the economy of Pakistan but also living standards for people of
Pakistan. Petrol and petroleum products are used in every sector of Pakistan
directly or indirectly. For example, petrol and petroleum products are used in
transportation, communication sector, Petro-chemical industries and in electricity
generation.

Requirement:

How an increase in price of petrol will affect the output and level of
unemployment in Pakistan? Explain logically.

Note: Be specific in your answer. Write to the point in your own words. Avoid
irrelevant details.

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