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PM Shehbaz Vows to Cut Electricity Prices in Pakistan

Prime Minister Shehbaz Sharif Friday said the government was focused on providing relief to electricity consumers, as reducing electricity prices was a key agenda for PML-N President Nawaz Sharif, the government, and its allies.

In his remarks at the Cabinet meeting, the premier emphasized that the government needed to lower electricity prices to boost the country’s exports. He pointed out that without this reduction, neither the agricultural sector nor the industrial sector could expand effectively. Competitiveness in the industry was directly linked to lower electricity prices, he remarked.

He instructed ministers and government officials to inform the public about the steps taken by successive PML-N governments to eliminate load-shedding in the country.

The government had extended the last date for paying electricity bills by 10 days, said the prime minister. Likewise, the electricity tariff for the country’s industry had been reduced by Rs 8.5 per unit. A Rs. 170 billion subsidy was being provided to the industry in this regard.

He expressed concern that the salaried class had been heavily burdened. However, the government had provided a Rs. 50 billion subsidy for consumers using up to 200 units of electricity per month.

The premier said efforts were underway to resolve issues with Independent Power Producers (IPPs). However, he acknowledged that the issue could not be resolved overnight and the government was trying to address it.

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ProPK Staff