PM Shehbaz Sharif cuts industrial electricity rates significantly

Web DeskJune 14, 2024 05:43 PMbusiness
  • Reduction of 10.69 rupees per unit in electricity rates
  • Initiative to boost industrial development and create job opportunities
  • Expected to enhance competitiveness and attract new businesses
PM Shehbaz Sharif cuts industrial electricity rates significantlyImage Credits: radio.gov.pk
Prime Minister Shehbaz Sharif announces a substantial reduction in industrial electricity rates to boost growth, attract investment, and create job opportunities, signaling a positive step towards economic progress.

Prime Minister Shehbaz Sharif has recently made a groundbreaking announcement regarding a substantial reduction in electricity rates for the industrial sector. The new rates reflect a decrease of 10.69 rupees per unit, marking a positive step towards boosting the country's industrial development.

This initiative is part of the Prime Minister's efforts to revitalize the industrial landscape of the nation. By lowering electricity costs for industrial businesses, the government aims to promote growth, encourage investment, and create more job opportunities.

The reduction in electricity rates will not only benefit existing industries but also attract new businesses looking to establish operations in the country. This move is expected to enhance the competitiveness of the industrial sector and contribute to the overall economic progress of the nation.

The decrease in electricity rates for the industrial sector, as announced by Prime Minister Shehbaz Sharif, signifies a significant milestone in the government's commitment to fostering industrial growth and development. This move is poised to have a positive impact on the economy, paving the way for a more vibrant and dynamic industrial landscape in the country.

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