{"id":68263,"date":"2024-08-03T15:54:23","date_gmt":"2024-08-03T10:54:23","guid":{"rendered":"https:\/\/nabanews.pk\/en\/?p=68263"},"modified":"2024-08-03T15:54:23","modified_gmt":"2024-08-03T10:54:23","slug":"pm-vows-to-reduce-electricity-prices","status":"publish","type":"post","link":"https:\/\/nabanews.pk\/en\/pm-vows-to-reduce-electricity-prices\/","title":{"rendered":"PM vows to reduce electricity prices"},"content":{"rendered":"<p>PML-N-led government defends its efforts in addressing energy challenges<br \/>\nIslamabad<br \/>\nPrime Minister Shehbaz Sharif announced on Friday that reducing electricity prices was a top priority for the PML-N government and its allies.<br \/>\nHe emphasised that providing relief to electricity consumers was a key agenda for PML-N President Muhammad Nawaz Sharif and his administration.<br \/>\nIn his remarks at a Cabinet meeting, the Prime Minister highlighted the need to lower electricity prices to boost Pakistan\u2019s exports.<br \/>\nHe noted that both the agricultural and industrial sectors would struggle to expand without a reduction in electricity costs, stressing that competitiveness in industry was closely tied to lower energy prices.<br \/>\nSharif criticised the politicisation of electricity issues, deeming it disrespectful to the public, who were seeking solutions.<br \/>\nHe urged the government to address inefficiencies and corruption within the Federal Board of Revenue (FBR) and the Energy Sector to set the country on a better path.<br \/>\nHe assured that the government was fully aware of the people\u2019s problems and was working tirelessly to address them.<br \/>\nRecalling the PML-N\u2019s past achievements, PM Shehbaz noted that his government had resolved the issue of 20-hour daily load-shedding.<br \/>\nHe praised China for investing in Pakistan\u2019s electricity production when few others were willing to do so.<br \/>\nIn 2015, the government established four LNG plants with a capacity of 500 MW each and a turbine efficiency of 64 per cent, crediting Nawaz Sharif for these initiatives.<br \/>\nThe plants, which NEPRA\u2019s tariff was $8.5, were built for just $450,000 each.<br \/>\nPM Shehbaz defended these agreements as sincere efforts to tackle Pakistan\u2019s energy crisis. The Prime Minister instructed ministers and officials to inform the public about the PML-N government\u2019s efforts to eliminate load-shedding.<br \/>\nHe also announced a 10-day extension for electricity bill payments and a reduction in industrial electricity tariffs by Rs 8.5 per unit, with a Rs 170 billion subsidy provided to the industry.<br \/>\nAdditionally, Sharif highlighted collective efforts to combat electricity theft, praising the interim government, the Sindh and Punjab governments, and Chief of Army Staff General Asim Munir for their dedication.<br \/>\nHe expressed concern over the burden on the salaried class but noted that a Rs 50 billion subsidy was granted for consumers using up to 200 units of electricity per month.<br \/>\nSharif acknowledged ongoing issues with Independent Power Producers (IPPs) but stated that the government was committed to resolving these challenges, although not overnight.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PML-N-led government defends its efforts in addressing energy challenges Islamabad Prime Minister Shehbaz Sharif announced on Friday that reducing electricity prices was a top priority for the PML-N government and its allies. He emphasised that providing relief to electricity consumers was a key agenda for PML-N President Muhammad Nawaz Sharif and his administration. In his &hellip;<\/p>\n","protected":false},"author":4,"featured_media":68277,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[75],"tags":[],"class_list":["post-68263","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top"],"_links":{"self":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/68263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/comments?post=68263"}],"version-history":[{"count":1,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/68263\/revisions"}],"predecessor-version":[{"id":68279,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/68263\/revisions\/68279"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media\/68277"}],"wp:attachment":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media?parent=68263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/categories?post=68263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/tags?post=68263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}