A prominent Independent Power Producer (IPP) has announced a reduction in electricity prices, offering relief to the public. Mahmood Baqi Moulvi, President of the Istehkam-e-Pakistan Party (IPP) Sindh Chapter, mentioned that the coalition government plans to lower tariffs by up to 30%.
In a move that brings much-needed relief to the public, a prominent Independent Power Producer (IPP) has announced a decrease in electricity prices. Mahmood Baqi Moulvi, the President of the Istehkam-e-Pakistan Party (IPP) Sindh Chapter, stated that the coalition government is taking measures to reduce electricity tariffs by up to 30%.
Moulvi emphasized that this decision aims to alleviate the financial burden on citizens and traders, while also contributing positively to the country’s economic progress. He expressed optimism that further good news regarding the reduction in electricity prices can be expected soon.
Earlier, Prime Minister Shehbaz Sharif acknowledged the hardships faced by the public due to high electricity bills and assured that the government is committed to providing relief in the near future. He indicated that significant steps are being taken to address the issue, which is currently a major concern for households across the nation.
The announcement by the IPP comes at a time when the government is actively renegotiating contracts with power producers to bring down electricity costs and make them more affordable for the masses. This move is expected to provide much-needed relief to the public and help revive business activities that have been affected by the high electricity prices.
