PM announces reduction in power tariff for industries

Prime Minister Shehbaz Sharif has announced Rs10.69 per unit reduction in the power tariff for industries.

The premier has taken a historic step to increase the industry and exports and termed the move for the betterment of the country’s industry.

The price of electricity for industries is now fixed at Rs 34.99 per unit.

It may be recalled that the National Electric Power Regulatory Authority (NEPRA) had proposed to reduce the price of electricity by Rs 10.69 per unit for industries.

As a result of the prime minister’s special package, the burden of more than Rs 200 billion will be removed from the industries.

Sources said that this relief was given to make the cost of goods competitive in the global market, while it is also likely to reduce the cost of production of industrial and agricultural products and significantly increase exports.

According to experts, due to this announcement of the Prime Minister, the pace of industrial development will be further accelerated while employment will increase rapidly. Accelerating the wheel of industries and increasing exports will benefit the country’s economy.