ISLAMABAD-UNS:The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has lauded Prime Minister Shehbaz Sharif’s announcement of a significant reduction in electricity tariffs, terming it an “Eid gift” for the public and industrialists. The government has reduced electricity prices by PKR 7.41 per unit. This move is expected to alleviate the financial burden on industries and address their long-standing concerns regarding high energy costs.
FPCCI President Atif Akram Sheikh emphasized that the tariff reduction, coupled with the recent decrease in the policy interest rate, will significantly resolve issues faced by industrialists. He credited the Prime Minister’s task force for its effective work in facilitating this decision.
FPCCI Senior Vice President Saqib Fayyaz urged industrialists to capitalize on this development by boosting exports. He mentioned that 2025 will be a year of economical growth for Pakistan.
FPCCI Patron-in-Chief SM Tanveer highlighted the Prime Minister’s statement regarding the estimated PKR 600 billion losses due to theft within distribution companies (DISCOs). He said that the anticipated privatization of DISCOs is expected to curb these losses.
FPCCI officials expressed gratitude to the Prime Minister, the Chief of Army Staff, the task force, and the Special Investment Facilitation Council (SIFC) for their efforts. The FPCCI is optimistic about the positive impact of these measures on Pakistan’s economy, projecting continued improvement in the coming days.
