This study aims to explore the effect of energy crisis on the performance of listed manufacturing sector of Pakistan by using the panel data of 300 firms for the period of 1999-2012. For this purpose profitability and working capital management are used to investigate the influence of energy crisis on overall industry. Generalize Method of Moments (GMM) technique is applied to analyze the aftermath of energy crisis. The results reveal that energy crisis leads to upsurge in profitability and working capital (WC) of the firms. The control variables: size, capital structure, asset turnover, and GDP have positive significant effect on return on assets. However, working capital, lagged dependent variable and inflation shows negative influence. For Working capital management energy crisis and all control variables have shown positive and significant effect. The study concludes that energy crisis influence producers to invest more in working capital (adopt conservative approach). For profitability, the result reveals that rise in energy crisis leads to upsurge in profitability. Price escalation or shifting the burden on consumers can be the possible reason for the surge. Supervisor:- Dr. Attiya Yasmin Javid