The energy situation in
Fossil fuel reserves are diminishing rapidly across the world, intensifying the stress on existing reserves daily due to increased demand. Not only that, fossil fuels, presently contributing to 80 percent (Muneer and Asif, 2007 pp. 654-671
Aside, 'global and regional energy security in future is not likely to be threatened as much by the shortage of resources as it is likely to be endangered by the disruption of supplies and availability of tradable resources: threatened by growing terrorism and geopolitical conflicts.
Pakistan promises to subsidize its gas imports from Iran and thus also become major forex earner, it is willing to give pipeline related 'international guarantees' notwithstanding its record of covert actions in breach of international law and its reluctance to reciprocally provide India what World Trade Organization rules obligate it to do. Research will endeavor to analyze significance global trends for Pakistan's case and those involved, among policy options to import natural gas, Indo-Iran overland pipeline option is considered to be effective and economical in addressing India's long term energy demands though security guarantees have been offered, there refuses to entertain the role of Pakistan in the project for fear of its energy supply being disrupted in case of military conflict with Pakistan. The need to argue that global security is not only aimed at addressing
REVIEW OF RELATED LITERATURE Internet banking refers to the utilization of the Internet for performing transactions and payments by accessing a bank's secure website.It also pertains to the application of financial services and markets through the use of electronic communication and computation(Humphrey et al. 2004).The developments can be subdivided into two main areas. The first is the impact of Internet banking on financial services. Most economists perceive that the existence of the Internet and other electronic communication processes has significantly changed many aspects of the banking industry. A majority of the services normally provided by banks can already be provided by other financial entities (Jayaratne et al. 2001). The second main area is the major transformation that occurred on most financial markets. Nowadays, these no longer need to be related with a physical place. In effect, trading systems for foreign exchanges are gradually becoming global. All these change…