ISLAMABAD, Pakistan: The Small and Medium Enterprises (SMEs) will get additional electricity on 50 percent reduced rates from November 1, 2020 till June 30 next year, Prime Minister Imran Khan announced.
While announcing a Comprehensive Package to provide electricity to industries at reduced rates in Islamabad on Tuesday, the prime minister said that if an industrial unit would buy electricity at a rate of Rs 16 per unit and now it will get the same on 50 percent discount on consuming additional electricity.
The prime minister said that it has also been decided to provide additional electricity at 25 percent discounted rates to all the industry including big and small units for the next three years.
Imran Khan said that the electricity will be provided to the industry on an off-peak hours’ basis throughout the year.
In addition, he said that it was unfortunate that our industrial products could not compete with other Countries due to expensive electricity as a result of costly power agreements signed by the previous governments.
The prime minister said that the package will reduce the cost of production, enhance Pakistan’s exports, and create wealth.
Imran Khan said that due to prudent economic policies of the government, a record sale of cement, motorcycles, and cars has been witnessed whereas our construction sector is also progressing at a great pace.
The prime minister said that Pakistan’s exports have increased at a great pace in the subcontinent in the wake of COVID-19.
However, he appealed to the people to strictly observe all Standard Operating Procedures (SOPs) including wearing face masks, frequently washing hands, and maintaining social distancing to prevent the spread of the contagion.