Electricity Price Cut Announced by PM Shehbaz

Prime Minister Shehbaz Sharif on Thursday announced a big electricity tariff reduction applicable to all categories of domestic consumers. Addressing a ceremony in Islamabad, the premier announced a reduction of Rs. 7.41 per unit to Rs. 34.37 per unit for all consumers. For industrial consumers, the per unit price has been decreased by Rs. 7.59 per unit to Rs. 40.6 per unit. Pertinently, rates for both categories were Rs. 48.70 and Rs. 58.50 per unit, respectively, in June last year. This comes after electricity consumption dropped below 7,000MW during Eid-ul-Fitr. PM also acknowledged the strong support of the Chief of Army Staff, General Asim Munir, and his team in stabilizing the economy.