The federal government is preparing to introduce a major reduction in electricity prices for agricultural and industrial consumers under a three-year relief package, officials confirmed on Wednesday.
The move is part of a broader “mission to encourage consumers to use additional electricity”, aimed at increasing power consumption while easing the cost burden on major economic sectors.
According to sources, the Power Division has finalised the package and will present it to the prime minister for approval in the coming days. The PM is expected to make a formal announcement in the next few days.
Electricity prices likely to drop to Rs23.50 per unit
Electricity per unit is likely to be fixed at Rs23.50 for agricultural and industrial consumers, while the rate for additional electricity consumption will be fixed at Rs22 to Rs23.50 per unit, as per the sources.
At present, agricultural consumers pay Rs38 per unit, while industrial consumers are charged Rs34 per unit, making power one of the most expensive input costs in both sectors.
The government believes that lowering electricity tariffs will not only help reduce production costs but also stimulate economic growth by encouraging factories and farms to consume more power.
Three-year relief package for sustainable growth
Sources say the Power Division has structured the relief package as a three-year plan to ensure long-term stability and predictability in energy pricing.
The initiative aligns with the government’s policy to revitalize key economic sectors, particularly agriculture and industry, which are critical to employment and exports.
