Islamabad: Acting President of the Islamabad Chamber of Commerce and Industry (ICCI) Tahir Ayub and Vice President Muhammad Irfan Ch have highly appreciated the government’s decision to allocate additional power supply to the industrial and agricultural sectors, terming it a landmark step towards revitalizing Pakistan’s productive economy.
Government Reduces Electricity Tariff for Industry and Agriculture
They commended the decision by the Prime Minister Shehbaz Sharif and the announcement by the Minister for Power regarding the reduction of the electricity tariff for agricultural consumers from Rs. 38 to Rs. 22.98 per unit, and the industrial tariff for additional units from Rs. 34 to Rs. 22.98 per unit. They noted that this substantial reduction will significantly lower the average cost of doing business, enabling industries and farmers to enhance their productivity and competitiveness.
Energy Cost Cuts to Boost Investment and Expansion
Tahir Ayub said that agriculture and industry are the twin pillars of Pakistan’s economy, providing employment, ensuring food security, and contributing to exports. He added that reducing energy costs, one of the major input expenses, will not only ease financial pressure on these sectors but also attract fresh investments and encourage industrial expansion.
ICCI Vice President Highlights Job Creation and Growth
Vice President Muhammad Irfan Ch stated that the measure would help stimulate industrial growth, create new jobs, and strengthen the supply chain of value-added products. He appreciated the government’s commitment to fulfilling its promises for economic revival, expressing hope that continued reforms in the energy and taxation sectors would further support sustainable growth.
Call for Continued Pro-Business Reforms
Both ICCI leaders lauded the forward-looking initiative by saying that such pro-business measures should continue to restore investor confidence, boost exports, and accelerate Pakistan’s journey toward economic stability and self-reliance.
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