Saturday, 05 April 2025, 12:35:24 am


 
Chambers and business communities have hailed government’s decision as it will reduce the cost of production and make it competitive with the international market.

It is great news for nation and our economy that government has reduced the prices of electricity significantly. Industrialists, chambers of commerce and other segments had complaints about higher power tariffs. Therefore, a task force to negotiate with IPPs was formed which held fruitful talks with IPPs and now government has reduced the power tariffs. Chambers and business communities have hailed government’s decision as it will reduce the cost of production and make it competitive with the international market. The government and Prime Minister has also sent a good news to agricultural sector. The government will also remove the circular debt in next five years and it will further promote the industrial sector. At present industrialists demand further reduction in power tariff which is possible to end line losses of sector. In this regard, further talks with IPPs can be fruitful to cut power tariff. Moreover, government may focus on curtailing the line losses which at present mount to Rs 600 billion. The government will also give a good news to consumers of solar power in future. The government has made decisions to privatize loss making DISCOs so that experts may improve power transmission system by controlling the line losses.