PM Shehbaz Sharif Announces Relief Package to Reduce Electricity Costs
Prime Minister Shehbaz Sharif has revealed plans to introduce a comprehensive relief package aimed at lowering electricity costs for the public. Chairing a meeting on the Power Division in Islamabad on Sunday, the prime minister emphasized that ongoing reforms in the power sector would enable the government to provide significant relief on electricity prices.
During the meeting, PM Shehbaz Sharif directed officials to address misconceptions about the government’s solar energy policy through clear and factual communication. He reaffirmed the administration’s commitment to promoting renewable energy as a key priority.
The prime minister also called for expediting the privatization process of power distribution companies and resolving legal and administrative obstacles hindering the liquidation of generation companies. He stressed the importance of enhanced coordination between the Power Division, Water Resources Division, and Petroleum Division to develop a unified strategy for the energy sector.
Earlier reports indicated that Prime Minister Shehbaz Sharif was expected to announce a reduction in electricity tariffs by Rs8 per unit on March 23, following approval from the International Monetary Fund (IMF). Sources revealed that the Ministry of Finance and the Power Division had explored additional measures to further reduce electricity rates by Rs2 per unit, with a final decision made ahead of the official announcement.
The tariff reduction, scheduled to take effect from April 1, 2025, was expected to be reflected in consumer bills starting in May. Of the Rs8 per unit decrease, Rs4.73 per unit was designated as a permanent adjustment, offering long-term relief to consumers.
The government’s efforts to reform the power sector and reduce electricity costs underscore its commitment to addressing public concerns and improving the country’s energy infrastructure.
