Islamabad:
The ceremony is underway to reduce electricity prices, Prime Minister Shahbaz Sharif will announce a reduction in the price shortly.
According to Express News, the government had decided to reduce electricity tariffs to facilitate the people and reduce the burden, which is expected to be announced shortly after the event.
Prime Minister Shahbaz Sharif, Deputy Prime Minister Ishaq Dar, Energy Minister Awais Laghari, Prime Minister Nazir Tarad, Atta Tarad and other ministers and officials are present at the ceremony.
In his address, Prime Minister Shahbaz Sharif said that today, on the occasion of Eid, I have come to hear a good news for the economic development and stability of Pakistan. By the grace of Allah, the promise was fulfilled which Nawaz Sharif announced in the N -League manifesto.
He said that if the government took over the responsibility, the country was going to be defaulted.
Those who spoke of Pakistan’s bankruptcy were happy that Pakistan would now go bankrupt but that did not happen, it was the same people who signed and broke the IMF.
The Prime Minister said, “I openly acknowledge the fact that Army Chief General Syed Mohammad Asim Munir and his colleagues have received great support for me and my team in this whole process and played a key role.”
Shahbaz Sharif said that over the past period, the increase of electricity made people unemployed, the electricity bill was wondering how to buy the baby’s medicine. This is a sacrifice of the people, today I want to give a small gift to the nation, I would like to thank the nation, our leader Nawaz Sharif said in the missionar that inflation will bring a single digit in 2026, but this promise was fulfilled in 2025, the price of petrol was reduced by 38 % in one year.
He said that this year, the collection of revenue is going to increase by 35 %. Last year, the rate was 30 %, it will reduce the borrowing. It is better for us to generate our own income.
He said that the price of electricity is like a hindrance to the Himalayan, our agriculture, export and industry cannot develop anything, which has happened, we have come up with a difficult journey, the task force made on electricity is here, which has tried hard day and night. The MF agreed that the IMF favored us and allowed us to reduce the cost of electricity.
On the issue of IPPs, he said, “I do not want to go into detail, told the IMF that you should give something to Kamalia now and talk to the nation. The task force was appreciated by the IPPs, the team was given the lead by Sardar Owais Laghari, General Zafar, Mohammad Ali, the secretary of the country, the six -year -old. It was going to be paid.
He said that the circular debt of electricity, ie circular debt, is Rs 2,393 billion. It has also been arranged. In the next five years, the debt will be eliminated forever and will not circulate, provided that we should change our conduct.
The Prime Minister said that the power plants who have been shut down for years have not been produced a unit but billions of rupees are being given annually. The loss is going into the nation’s bills, it is cancer which will have to be cut off, directed that the plant that is sold transparently, sold a power plant before, which has been sold for Rs 9 billion annually cost Rs 7 billion, it is not a 77 -year -old burden of any government.
Shahbaz Sharif said that the Chief Justice is grateful for accelerating tax cases that he heard my request in a meeting, the Sindh High Court terminated the stay order in the morning and in the evening Rs 23 billion came into the national treasury.
Domestic users
He said that in June 2024, the price of electricity for domestic consumers was Rs 48 paise 70 paise. This price has dropped to 45 paise 05 paise per unit this year, which means it decreased by three and a half rupees and today I announce a reduction of Rs. 41 paise per unit.
Industrial consumers
The Prime Minister said that in June 2024, the price of electricity for industries was Rs 58, 50 paise. In the subsequent months, the price has been reduced by Rs 48 to 19 paise, meaning that it was reduced by Rs 10 to 30 paise.
He said that electricity is stolen of Rs 600 billion annually. We have to eliminate this theft, set up an open market and make electricity cheap, discos will have to be private immediately, these are the next targets, they will cost more electricity.
