Lower electricity tariffs to boost competitiveness: Malik

April 04, 2025 (MLN): Low electricity tariffs are expected to reduce production costs for industries, thereby boosting the global competitiveness of Pakistani products, as stated by SAARC Chambers of Commerce and Industry's former president Iftikhar Ali Malik.

Talking to the media, he highlighted that high energy costs had long been a burden on manufacturers, limiting their ability to expand and compete internationally.

With reduced tariffs, industries can enhance productivity, attract investment, and generate employment, ultimately boosting economic growth, as APP reported.

Malik commended Prime Minister Shehbaz Sharif’s decision to reduce electricity tariffs, calling it a significant step towards providing economic relief for both industrial and general public.

Hailing the government’s decision, he noted that this move could contribute to economic stability by increasing consumer purchasing power and reducing financial stress across all sectors.

He also suggested that it could help control inflation, as energy costs directly impact the prices of goods and services.

In the long run, Malik believed, the reduction in electricity tariffs could prove to be a game-changer, fostering industrial growth and providing much-needed respite to the people of Pakistan.

For domestic consumers, Malik said, this decision brings much-needed relief, especially amid inflationary pressures that have strained household budgets.

Many families struggle to afford basic necessities due to high utility bills, and lower electricity tariffs will ease this burden, allowing consumers to allocate their earnings to other essential expenses.

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