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PM's Package For Industrial, Export Sector: Shehbaz Sharif Announces Massive Reduction In Electricity Price
Prime Minister Shehbaz Sharif announced a massive reduction in electricity tariff for the industrial sector by 10.69 rupees per unit aimed at boosting exports and industrial production.
Due the special efforts of the Prime Minister, the new electricity price per unit for the industrial and export sector has been fixed at 34.99 rupees.
According to a statement issued by PM Office, the National Electric Power Regulatory Authority had recommended a reduction of 10.69 rupees per unit for industries.
The PM’s package is expected to provide relief of over 200 billion rupees to industries, making them competitive in the global market.
The package has been offered to bring the country’s manufacturing cost of the goods at par with the international markets.
Similarly, the production cost of the industrial and agriculture commodities would also be decreased as a result of this historic pm package leading to increase in the exports.
The move is also likely to accelerate industrial growth, create new job opportunities, and stimulate economic activity.
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