Power Tariffs will go down Further: PM Shahbaz

The prime minister made an exciting announcement today regarding the power tariffs going down. This seems to be an interesting turn of development for Pakistan as the power crisis have laid exacerbating setbacks on the economy like soaring prices sinking wallet pockets. On individual and industrial level there have been hues and cries regarding the skyrocketing power prices.

The unwarranted high power costs created dissatisfaction among the working and salaried people who were unable to bear their living costs with an incessant increase in electricity bills. As a result, curbed spending created a downward dip in Pakistan’s economy.

A country where a larger population lives below the poverty line certainly cannot afford to pay high amount of bills at the expense of their suppers.

These reduced tariffs would bring about smiles not only for the local population but will also aid industries to function lucrative under the economic model creating a multiplier effect on economic growth with a greater utilisation of human and technological capital aiding increased GDP output. The PM showed commitment to ensuring low costs and environmentally friendly electricity for masses. It shows the pursuit of economic development coupled with sustainable development.

Sharif highlighted that appointing reputable private-sector board members is improving electricity distribution companies’ performance. He noted that reduced transmission losses indicate successful reforms. The meeting was informed that reforms and an anti-theft campaign raised the recovery rate to 93.26% by December. Updates on key transmission line projects were also provided.