Key Market Indicators
**Pakistan's Energy Consumption to Surge by 2028** Pakistan's energy consumption is projected to hit 4.1 exajoules by 2028, up from 3.7 exajoules in 2023. This represents an average annual growth rate of 1.5%. Historically, since 1970, the country's energy demand has increased by an average of 1.3% each year. In 2023, Pakistan ranked 27th globally in energy consumption, with Egypt slightly ahead at the same level of 3.7 exajoules. Leading the global rankings were the United States, India, and Russia, holding the second, third, and fourth spots respectively. **Energy Supply to See Similar Growth** Pakistan's energy supply is also expected to grow, reaching 131 million tonnes of oil equivalent by 2028, up from 120 million tonnes in 2023. This marks an average annual growth rate of 1.5%. Since 1976, the nation's energy supply has seen an average yearly increase of 2.2%. In 2023, Pakistan was the fifth largest supplier of energy, with the United Kingdom slightly ahead at the same level of 120 million tonnes of oil equivalent. France, Saudi Arabia, and the United Kingdom ranked second, third, and fourth respectively in this category.
