Apart from cotton and rice, Pakistan's major resources are oil, coal, gas and water. The state hopes that the privatization of the utilities industries will reduce energy imports and shortages û peak electricity demand, for example, exceeds supply by 20%. Steps are being taken to attract more foreign investment in oil and gas exploration, extraction and distribution. Pakistan's current refining capacity of 150,000 b/d cannot meet the present 280,000 b/d demand, let alone the projected demand for 385,000 b/d by 1996.
