ISLAMABAD: Pakistan’s Minister for Energy, Owais Leghari, announced a significant target to reduce electricity prices by Rs 8 to 10 per unit, aiming to bring prices below Rs 10 per unit across Pakistan in the long term.
At a press conference, Leghari said that this price reduction would stimulate industrial growth and provide relief to consumers, particularly those in the middle and lower-middle classes.
He highlighted the government’s recent initiatives, including negotiations with private Independent Power Producers (IPPs), restructuring loans with China, and reviewing agreements made by the previous PTI government. “We have saved the country Rs 411 billion by renegotiating power agreements,” he stated, adding that future power plants would be assessed based on their capacity and production requirements.
Leghari also outlined plans to revamp the National Transmission and Dispatch Company (NTDC) by 2025 and introduced a winter electricity usage program to enhance sector stability.
He attributed the progress to collaborative efforts and expressed gratitude to the Army Chief and other institutions for their support.
