PM Unveils Three-month Electricity Relief Package for Winter Season

Prime Minister Shehbaz Sharif on Friday unveiled a three-month Electricity Relief Package for the winter season providing a relief of up to Rs. 26.7 per unit for domestic, Rs. 15.5 for industrial and Rs. 22.71 for commercial consumers.  The prime minister, addressing an event to commemorate the birth anniversary of Allama Muhammad Iqbal being celebrated on November 9, told the gathering that the relief package would remain in force from December 2024 to February 2025.  “Under the package, the domestic consumers will get a relief of up to Rs. 26.7 per unit for their power consumption surpassing 200 units of the protected category. It will help them save Rs. 11.42 to Rs. 26 per unit in the three months of winter,” the prime minister said.   Similarly, the industrial sector will save 18-37 percent or Rs. 5.27 to Rs. 15.5 per unit under the package to help boost industrial production, growth and livelihoods. The commercial consumers will be given a 34-47 percent saving or Rs. 13.46 to Rs. 22.71 per unit subsidy in the package.  He said the package would stimulate a quantum jump in the country’s economic progress by boosting agriculture, industrial productivity, business activity and exports.   The premier said that the commitments and vision of the current government were being translated into actions through the relief package that would become the harbinger of improved economic resilience.  Besides thanking the IMF for permitting the government to announce the package, he also commended the cabinet members and relevant senior officers for their efforts and teamwork in working out the relief package.