The Pakistan government is expected to reduce electricity tariffs as Prime Minister Shehbaz Sharif prepares for a crucial meeting with the country’s top business leaders. According to ARY News, sources indicate that the meeting will focus on economic reforms, particularly in the power sector, and the impact of electricity costs on industries and exports.
The upcoming meeting between PM Shehbaz and business leaders marks a crucial step in addressing Pakistan’s energy and economic challenges. With electricity price reductions on the horizon and a new tax strategy in progress, the government aims to create a more stable and business-friendly economic environment. An official announcement regarding the finalized electricity tariff cuts is expected soon, bringing potential relief to both industries and households across the country.
Sources reveal that Prime Minister Shehbaz Sharif will engage in discussions with leading business figures on Thursday to brief them on the government’s ongoing reforms in the energy sector. The meeting aims to address concerns about high electricity prices, which have been a significant burden on businesses and consumers alike.
The delegation representing the business community will be led by Gohar Ejaz, a former caretaker minister and prominent industrialist. The agenda will not only cover electricity pricing but also focus on export growth, industrial development, and overall economic challenges.
The high-level meeting is scheduled to take place at 2:00 PM at the Prime Minister’s Secretariat. Officials and business leaders will discuss possible strategies to balance economic stability while ensuring affordable energy costs for businesses and households.
In a significant development, the International Monetary Fund (IMF) has granted permission for the Pakistani government to reduce electricity prices by Rs1 per kilowatt-hour. This decision aims to ease financial pressure on consumers while maintaining fiscal discipline.
The IMF clarified that the electricity price cut will be funded through revenues generated from levies imposed on captive power plants that rely on natural gas. By redistributing energy sector revenues, the government seeks to balance relief for consumers with sustainable fiscal management.
Following the IMF’s approval, Finance Minister Muhammad Aurangzeb confirmed that the government is actively working on an electricity price reduction plan. He assured that an official announcement regarding the price cut would be made soon.
In an interview with an international media outlet last month, Aurangzeb emphasized that PM Shehbaz Sharif is leading efforts to introduce relief measures, including lower energy costs. The finance minister also highlighted the government’s broader economic strategy, which includes expanding the tax base to incorporate sectors such as real estate, retail, and agriculture.
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