PM unveils 3-year subsidised power package for industries, farmers

Shehbaz directs strategy overhaul to boost industrial growth, investment

ISLAMABAD: Prime Minister Shehbaz Sharif announced on Thursday that industries and the agricultural sector will be provided additional electricity at subsidised rates over the next three years.
This announcement was made during a meeting with a delegation of experts from the industrial and agricultural sectors, as well as representatives from the business community, as per the Prime Minister’s Office (PMO).
Prime Minister Shehbaz directed the federal institutions to refine existing strategies in light of constructive recommendations from experts and business leaders to ensure inclusive and sustainable economic growth.
The prime minister held the meeting to review proposals aimed at improving Pakistan’s economy and expanding investment opportunities, a Prime Minister’s Office news release said.
Shehbaz Sharif emphasized that the government’s foremost priority was to facilitate industrial and business communities, reduce barriers for new enterprises, and promote investment-friendly reforms. “The federal government equally encourages both domestic and foreign investors, and resolving all possible obstacles to new business ventures remains among our top priorities,” he affirmed.
Highlighting the government’s economic agenda, the prime minister stated that expanding exports and establishing new industries could swiftly translate Pakistan’s positive economic indicators into long-term, sustainable growth. He reiterated that public-private cooperation is essential to achieve durable progress and transform macroeconomic stability into tangible national prosperity.
Shehbaz Sharif noted that making Pakistani products and enterprises competitive not only regionally but globally was central to the government’s economic vision, adding that efforts were underway to attract foreign direct investment (FDI), particularly in manufacturing and production sectors.
He assured the participants that federal ministries and relevant institutions were working tirelessly to convert recent economic stability into widespread welfare and development outcomes. “The government is taking effective steps to bring in international investment alongside strengthening domestic industries to ensure Pakistan’s economic advancement,” he said.
The meeting also deliberated on reducing industrial production costs, enhancing product competitiveness against regional markets, and exploring new avenues for international trade and investment.
Industry representatives, while appreciating the government’s reform measures and progress toward macroeconomic stabilization, observed that continued policy consistency and facilitation could make Pakistan a more attractive destination for investors.
The session was attended by Federal Minister for Finance Muhammad Aurangzeb, Minister for Energy SardarOwais Ahmad Khan Leghari, Minister for Economic Affairs Ahad Khan Cheema, Minister for Railways HanifAbbasi, Minister for Information and Broadcasting AttaullahTarar, Minister for Commerce Jam Kamal, Minister for National Food Security RanaTanveerHussain, Minister for Information Technology Shaza Fatima Khawaja, Minister of State for Finance Bilal AzharKayani and senior officials from relevant ministries. Staff Report