PM Sharif Announces Rs. 7.59 Per Unit Reduction in Electricity Prices

ISLAMABAD: Prime Minister Shehbaz Sharif has announced a reduction in electricity prices, bringing relief to both residential and commercial consumers.

For home consumers, the price will be reduced by Rs. 7.41 per unit.
For commercial users, the reduction will be Rs. 7.59 per unit.

Speaking at a ceremony about the government’s electricity relief package, the Prime Minister congratulated the nation on Eid and shared this “good news” for economic stability.

Speaking at a ceremony regarding the government’s electricity tariff relief package, the Prime Minister congratulated the nation on Eid and shared a “good news” for Pakistan’s economic stability.

The event was attended by Deputy Prime Minister Ishaq Dar, federal ministers Owais Leghari, Muhammad Aurangzeb, Rana Sanaullah, Khawaja Asif, Ahsan Iqbal, Attaullah Tarar, and Mustafa Kamal, along with PML-N leader Khawaja Saad Rafique, members of the business community, and parliamentarians.

Economic Stability and Challenges

PM Shehbaz Sharif highlighted that the PML-N had promised in its manifesto to gradually improve the economy and reduce electricity prices. He emphasized that when his government took charge, the economy was weak, and Pakistan was at risk of default. However, through hard work, the country was able to avoid an economic collapse.

He criticized previous governments for creating hurdles in economic progress, stating that some elements even tried to block the IMF program. However, with continuous efforts, the economy has now stabilized, and Pakistan is moving towards financial recovery.

Reforms in the Energy Sector

Federal Minister for Energy Owais Leghari stated that the government’s reforms in the energy sector are yielding positive results. He ensured that transparency and merit remain key priorities in policy implementation.

Leghari also mentioned that the prime minister had formed a task force to improve the energy sector, including officials from various institutions to ensure efficiency.

This electricity price cut aims to provide relief to both households and industries, reducing financial pressure and supporting economic activities across the country.