ISLAMABAD: Prime Minister Shehbaz Sharif today announced a power tariff reduction for the industrialists amid economic stability. He said that the electricity for the industries is being reduced by Rs 4.04 per unit in the country.
Prime Minister Shehbaz Sharif on Friday said Pakistan’s economy had achieved stability, crediting collective efforts by the government, exporters, and the business community.
Addressing leading exporters and prominent business figures, the premier said he could now say “without hesitation” that the country had moved out of economic uncertainty.
Economic indicators show marked improvement
While speaking to the audience, Prime Minister Shehbaz praised industrialists and entrepreneurs for their resilience and efficiency during challenging times. He said the government’s difficult decisions had started to deliver results, adding that key economic indicators reflected improvement.
According to the premier, inflation had come down to single digits, while the policy interest rate now stood at 10.5 percent. He recalled that the situation had looked far bleaker in the recent past. At that time, the policy rate hovered between 21.5 and 22 percent, and inflation surged rapidly. As a result, uncertainty prevailed across markets, and businesses struggled to plan for the future. He noted that many people feared that worse economic conditions lay ahead.
The business community stood firm during the crisis
Prime Minister Shehbaz said the country navigated those challenges through collective resolve. He stressed that industrialists and businessmen faced the difficulties head-on instead of retreating. Moreover, he acknowledged that exporters continued operations despite rising costs, tight liquidity, and weakened demand.
The premier added that perseverance kept hope alive during the downturn. He said many believed that better days would eventually return and that Pakistan would regain its path toward economic progress. According to him, the recent stabilisation vindicated that belief.
Furthermore, the prime minister reaffirmed the government’s commitment to sustaining economic stability and supporting growth-oriented sectors. He assured business leaders that policies would remain focused on fiscal discipline, competitiveness, and export-led expansion. He said continued cooperation between the public and private sectors would remain critical in maintaining momentum.
Prime Minister Shehbaz concluded by expressing optimism that stability would now pave the way for durable growth, job creation, and renewed investor confidence in the months ahead.
