Islamabad (Web Desk): Prime Minister Imran Khan on Tuesday announced a comprehensive package to provide electricity to industries at reduced rates.
Announcing the package in Islamabad this afternoon, the premier 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 the radio Pakistan, PM Khan 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. He said the electricity will be provided to the industry on off-peak hours' basis throughout the year.
“It is unfortunate that our industrial products can not compete with other countries due to expensive electricity as a result of costly power agreements signed by the previous governments. He said this package will reduce cost of production, enhance Pakistan's exports, and create wealth. He said 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.