The Federation of Pakistan Chambers of Commerce and Industry has welcomed the substantial reduction in electricity tariffs announced by Prime Minister Shehbaz Sharif, calling it a major step towards economic relief and industrial growth.

Addressing a joint news conference in Islamabad today, office bearers of the FPCCI expressed their gratitude to the government for this major relief package.

They expressed the confidence that the reduction in power prices would stimulate industrialization across the country.

The FPCCI expressed hope that Pakistan's economy would continue to improve with each passing day.