PM Nawaz announces Rs 2.32 per unit cut in power tariff

PESHAWAR: Prime Minister Nawaz Sharif on Friday announced slashing electricity prices by Rs. 2.32 per unit, adding that he hopes to reduce fuel prices further in the coming month.

Speaking to the media after offering condolences upon the demise of Usman Bashir Bilour in Peshawar, the prime minister said, his government aims to give relief to the people of Pakistan.

Prime Minister Nawaz Sharif once again reiterated that the foreign investment coming from China is not a loan. He further added, that cheaper electricity will help reduce prices and increase exports.

The prime minister said, due to the electricity shortfall in the Pakistan , countries that wish to invest in the country are unable to do so.

The prime minister added that curbing electricity-theft and improving the transmission and distribution network is the need of the hour.