Pakistan cuts electricity prices, eliminating subsidies to boost business growth and plans upgrades.

Pakistan's Minister for Power reassures the public on affordable electricity, highlighting a drop in prices from 48.70 rupees to 44.04 rupees per unit. Industrial prices also fell, and 150 billion rupees in cross-subsidies were eliminated to boost business growth. The government plans to upgrade the transmission sector, shift circular debt to national debt, and introduce special tariffs for electric vehicles under a new policy.

December 28, 2024
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