ISLAMABAD: Prime Minister Shehbaz Sharif has announced a reduction in electricity prices for industrial units, aiming to provide relief to the business community and boost production.
Addressing a ceremony held in Islamabad in honor of the country’s leading exporters and business leaders, the Prime Minister stated that electricity rates for industries will be lowered by Rs 4.04 per unit.
He emphasized that the government’s role is not to run businesses but to create a conducive environment for industrial and commercial activities.
Shahbaz Sharif highlighted that economic stability cannot be achieved without industrial growth, and that the government is taking measures to facilitate industrialists and investors.
“The country must now move towards growth, and the proposals of the business community will be given due consideration,” he added.
The Prime Minister referred to traders and industrialists as the backbone of the economy and stressed that their experience will be used to formulate better economic policies.
He further assured that consultation with the business community will be ensured when drafting economic policies so that decisions are aligned with ground realities.
Shahbaz Sharif also noted that cooperation between political and military leadership has opened new avenues for national development. All institutions are aligned, and the positive impact of this coordination is now visible on the economy and business environment.
Concluding his address, the Prime Minister pledged that the government will continue to take practical steps to resolve industrial challenges, with the reduction in electricity prices being a part of this ongoing effort to stabilize the industrial sector and strengthen the national economy.