Pakistan’s historic power tariff cut to lower business costs, boost exports, and revive industrial growth.
KARACHI: In a landmark move for Pakistan’s economy, electricity tariffs have been significantly reduced, offering much-needed relief to industries, businesses, and consumers. This achievement comes after persistent efforts by S. M. Tanveer, Patron-in-Chief of the United Business Group (UBG), and strong advocacy from the Federation of Pakistan Chambers of Commerce & Industry (FPCCI).
A Victory for Pakistan’s Business Community
Syed Mazhar Ali Nasir, Vice Chairman of UBG Sindh Region and former Senior Vice President of FPCCI, praised S. M. Tanveer’s relentless push for lower electricity costs—a critical issue affecting Pakistan’s industrial growth.
“This tariff reduction is a game-changer for Pakistan’s economy,” Nasir stated. “S. M. Tanveer’s unwavering commitment and the government’s responsiveness will help businesses thrive, reduce production costs, and enhance global competitiveness.”
How Lower Electricity Tariffs Benefit Pakistan
The reduced power tariffs are expected to:
✅ Lower operational costs for industries like textiles, construction, and manufacturing
✅ Boost exports by making Pakistani products more competitive in international markets
✅ Support SMEs by improving profitability and sustainability
✅ Attract foreign investment due to improved business conditions
✅ Encourage domestic production, reducing reliance on smuggled goods
✅ Promote electric vehicles (EVs) by making electricity more affordable
A Step Towards Economic Revival
High electricity costs have long burdened Pakistan’s industries, forcing many businesses to cut production or shut down. This reduction is seen as a crucial step in reviving industrial growth, creating jobs, and stabilizing the economy.
“Pakistan’s industries can now compete with regional players like India and Bangladesh,” Nasir added. “This achievement reflects the power of persistent advocacy and collaboration between the government and business leaders.”
Gratitude to Leadership & Future Outlook
Nasir extended thanks to the Prime Minister of Pakistan and the power sector reform team for their visionary decision. He also acknowledged the role of FPCCI and trade bodies in supporting S. M. Tanveer’s mission.
With this move, Pakistan’s industrial sector is poised for growth, paving the way for a stronger, more sustainable economy.