BMG, KCCI seek continued pro-business policies

April 04, 2025 (MLN): The leadership of the Businessmen Group (BMG) and the Karachi Chamber of Commerce and Industry (KCCI) to continue their dialogue with the government to ensure the continuation of pro-business and pro-growth measures.

These efforts aim to further expand such initiatives, ultimately advancing Pakistan’s economic prosperity.

The leadership of BMG and KCCI highly appreciated Prime Minister Shehbaz Sharif for his timely and impactful announcement regarding electricity tariffs.

They commended the substantial reduction of Rs7.59 per unit for industrial consumers and Rs7.41 per unit for domestic consumers, according to the press release issued.

This move was described as a critical step toward alleviating the financial pressure on both citizens and businesses that have long struggled with the burden of exorbitant energy costs.

This much-needed relief package comes at a time when it is most needed—offering significant reprieve to the public and industrial sectors that have faced escalating energy bills.

BMG and KCCI leadership recognized the Prime Minister’s initiative as a “historic intervention,” a bold step towards providing much-needed relief to millions of households and thousands of businesses across the country.

They noted that this tariff reduction would have far-reaching positive effects, not only easing the financial burden on consumers but also revitalizing the industrial sector and fostering economic growth.

It would further enhance exports and ultimately contribute to a more competitive business environment in Pakistan.

Chairman BMG Zubair Motiwala remarked, “We wholeheartedly commend Prime Minister Shehbaz Sharif for this landmark decision”.

“Reducing electricity tariffs is not just a welcome relief for millions of domestic consumers and businesses, but it is also an essential catalyst for spurring the growth of local industries”, he said.

“Over the years, high energy costs have severely hindered industrial productivity, and this reduction promises to bring tangible benefits to manufacturing and exports, which are key drivers of Pakistan’s economy”, Zubair Motiwala further noted.

Motiwala further highlighted the particular significance of this tariff reduction for Karachi’s industrial sector, which has long been weighed down by soaring electricity prices.

He praised the government for taking decisive action in addressing the challenges faced by the private sector, acknowledging their concerns, and responding with a practical and effective solution that will help rejuvenate industrial activity and fuel economic progress.

President KCCI Jawed Bilwani also welcomed the electricity tariff reduction, stressing the importance of continued government efforts to ensure that this relief is sustained over time. “This announcement is a step in the right direction,” Bilwani stated.

“However, it is essential for the government to continue working closely with the business community to monitor energy pricing and ensure long-term stability in electricity rates for both industries and households”, he added.

Bilwani reiterated KCCI’s commitment to collaborating with the government to create a favorable business climate that drives sustainable economic growth and enhances Pakistan’s global competitiveness.

He expressed optimism that this initiative would be the first in a series of positive reforms aimed at strengthening the nation’s industrial base and stimulating economic activity across key sectors.

As the country grapples with rising inflation and economic challenges, this decision marks a turning point in the government’s efforts to support businesses and ease the financial burden on consumers.

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