PM Shahbaz announces major electricity tariff cut for industries.
Prime Minister Shehbaz Sharif announced a significant reduction in electricity tariffs for Pakistan’s industrial sector, decreasing the rate by Rs 10.69 per unit.
This adjustment brings the new price to Rs 34.99 per unit for industries and the export sector.
The Prime Minister’s Office highlighted that this reduction, part of a broader power package, aims to alleviate the financial burden on industries by more than Rs 200 billion.
The initiative is designed to lower production costs for industrial and agricultural goods, thereby enhancing the competitiveness of Pakistani products in the global market and boosting exports.
This development follows NEPRA’s recent approval of a Rs 3.3 per unit increase in electricity tariffs for consumers of power distribution companies, excluding K-electric.
This hike, attributed to fuel charges adjustment (FCA), will affect all consumer categories except Electric Vehicle Charging Stations (EVCS) and lifeline consumers, leading to higher electricity bills in June.
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The government’s dual approach—reducing tariffs for the industrial sector while increasing them for consumers—reflects a strategy to support industrial growth and exports, while addressing the economic challenges within the energy sector.
As PM Shahbaz announces major electricity tariff cut for industries, the government aims to strengthen export competitiveness, even as it manages the rising costs associated with fuel adjustments.
