LAHORE: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has welcomed the government’s decision to cut electricity tariffs for industries by Rs4.04 per unit.
FPCCI leader SM Tanveer described the move as an excellent step that will significantly benefit the industrial sector.
Tanveer highlighted that this decision is expected to boost the country’s exports. “The prime minister has taken game-changing measures to increase export growth,” he said. He also extended congratulations to Dr Gohar Ejaz, President of FPCCI, and the entire business community, stating that Pakistan’s exports could reach $109 billion by 2030 due to these measures.
The announcement was made today in the federal capital during an event honouring the country’s prominent exporters and business figures. Prime Minister Shehbaz Sharif revealed the reduction in industrial electricity tariffs and emphasised the government’s commitment to supporting exporters.
The prime minister remarked that if possible, he would reduce tariffs by a further Rs10, but noted that existing constraints limit immediate further cuts. In addition to the tariff reduction, he announced a cut in exporters’ taxes from 7.5 percent to 4.5 percent, reinforcing incentives for the export sector.
The tariff and tax reliefs are part of a broader government strategy to encourage industrial production and expand exports. Analysts and business leaders have pointed out that lower energy costs and tax burdens can enhance Pakistan’s competitiveness in global markets, particularly in key manufacturing sectors.
FPCCI representatives emphasised that these measures would strengthen confidence among exporters and attract new investment into industrial sectors. With the government’s support, Pakistan is positioned to increase its industrial output while improving its export performance in the coming years.
