Minister of Energy Awais Leghari said that a new power -tari policy is expected to be announced soon by Prime Minister Shehbaz Sharif to improve the competitiveness of local industries, according to Radio Pakistan.
When he spoke at a Workshop in Islamabad on Thursday, the minister said the government had reduced electricity -star for industrial consumers by over 30 percent in the past year with the aim of improving the business environment and supporting economic growth.
Leghari also shared the government’s plans to privatize power distribution companies and added that the recent decline in line loss was an encouraging development.
For the purpose of the change in cleaner energy, the minister said the government had recently closed 3,000 megawatt oven oil -based power plants and called it a significant step towards the adoption of renewable energy.
He also announced that about 27,000 agricultural pipes in Balochistan would be converted to solar energy over the next two to three months, as part of ongoing efforts to promote sustainable energy solutions in the province.
Meanwhile, the International Monetary Fund (IMF) has called on Pakistan not to offer additional subsidies to the electricity sector in the upcoming federal budget for FY2025–26.
Told sources Express Pakinomist That the global lender is pushing the government to strengthen the Ministry of Energy to take effective measures to stop the accumulation of circular debt.
With the federal budget, the government has insured the IMF for sweeping economic reforms, including increases in fuel, electricity and gas prices.
Officials say the government is planning to implement a number of tax measures starting July 1, with the aim of reducing the tax deficit and tackling the country’s rising energy debt.
