AIRLINK 175.72 Decreased By ▼ -1.84 (-1.04%)
BOP 11.02 Decreased By ▼ -0.03 (-0.27%)
CNERGY 8.27 Increased By ▲ 0.10 (1.22%)
FCCL 47.50 Increased By ▲ 0.18 (0.38%)
FFL 16.05 Decreased By ▼ -0.07 (-0.43%)
FLYNG 27.15 Decreased By ▼ -0.20 (-0.73%)
HUBC 142.70 Decreased By ▼ -4.21 (-2.87%)
HUMNL 13.21 Decreased By ▼ -0.30 (-2.22%)
KEL 4.44 Decreased By ▼ -0.06 (-1.33%)
KOSM 5.89 Decreased By ▼ -0.02 (-0.34%)
MLCF 61.95 Decreased By ▼ -0.07 (-0.11%)
OGDC 227.22 Decreased By ▼ -7.46 (-3.18%)
PACE 5.77 Decreased By ▼ -0.03 (-0.52%)
PAEL 44.85 Decreased By ▼ -1.56 (-3.36%)
PIAHCLA 17.89 Decreased By ▼ -0.23 (-1.27%)
PIBTL 10.50 Decreased By ▼ -0.07 (-0.66%)
POWER 12.05 Increased By ▲ 0.06 (0.5%)
PPL 186.35 Decreased By ▼ -5.45 (-2.84%)
PRL 37.10 Decreased By ▼ -0.22 (-0.59%)
PTC 24.02 Increased By ▲ 0.82 (3.53%)
SEARL 100.40 Decreased By ▼ -0.49 (-0.49%)
SSGC 38.70 Decreased By ▼ -1.01 (-2.54%)
SYM 14.70 Decreased By ▼ -0.33 (-2.2%)
TELE 7.75 Decreased By ▼ -0.09 (-1.15%)
TPLP 11.07 Decreased By ▼ -0.04 (-0.36%)
TRG 66.01 Decreased By ▼ -1.28 (-1.9%)
WAVESAPP 10.98 Decreased By ▼ -0.37 (-3.26%)
WTL 1.35 Decreased By ▼ -0.01 (-0.74%)
YOUW 3.82 Increased By ▲ 0.05 (1.33%)
BR100 12,807 Increased By 0.9 (0.01%)
BR30 38,856 Decreased By -847.3 (-2.13%)
KSE100 118,804 Decreased By -133.9 (-0.11%)
KSE30 36,758 Increased By 1.7 (0%)

Prime Minister Shehbaz Sharif on Friday announced a massive reduction of Rs10.69 per unit in electricity tariff for the industrial sector aimed at boosting exports and industrial production.

The new electricity price per unit for the industrial and export sector has been fixed at Rs34.99.

According to a statement issued by the PM Office, the National Electric Power Regulatory Authority (NEPRA) had recommended a reduction of Rs10.69 per unit for industries.

The PM’s package is expected to provide relief of over Rs200 billion to industries, making them competitive in the global market.

Low demand at the heart of periodic adjustments

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 industrial and agriculture commodities would also be decreased as a result of this historic PM package leading to increase in exports.

The move is also likely to accelerate industrial growth, create new job opportunities, and stimulate economic activity.

Comments

Comments are closed.

Zakir Jun 14, 2024 10:48pm
What is the new tariff applicability date?
thumb_up Recommended (0)
T Jun 15, 2024 06:00am
Pakistan in not competitive in manufacturing, quality or price and will never be therefore such reductions are mere whitewashing practices.
thumb_up Recommended (0)