Energy relief package announced by PM for industrial sector

News Desk

A comprehensive package has been announced by the Prime Minister Imran Khan to provide electricity to industries at reduced rates. He said small and medium industries will get additional electricity on 50 percent reduced rates from first of this month till 30th of the June next year. For example, if an industrial unit would buy electricity at a rate of 16 rupees per unit and now it will get the same on fifty percent discount on consuming additional electricity.

According to media reports, the Prime Miniter, while announcing the package in Islamabad on Tuesday, said it has also been decided to provide additional electricity at 25 percent discounted rates to all the industry, including big and small unites, for next three years.

Imran Khan has said that the electricity will be provided to the industry on off-peak hours’ basis throughout the year. He said it was unfortunate that our industrial products could not compete with other countries due to expensive electricity as a result of costly power agreements signed by the previous governments.

“This package will reduce cost of production, enhance Pakistan’s exports, and create wealth. Due to prudent economic policies of the government, a record sale of cement, motorcycles, and cars have been witnessed, whereas our construction sector is also progressing at a great pace,” he added.

The Premier further said that Pakistan’s exports have increased with a great pace in the subcontinent in the wake of Covid19 pandemic. He appealed the people to strictly observe all Standard Operating Procedures, including wearing face masks, frequently washing hands, and maintaining social distancing, to prevent spread of the contagion.