During the National Youth Convention, Energy Minister Awais Leghari admitted that electricity prices in Pakistan are the highest in the region. He also mentioned that the government is providing subsidies to help low-income consumers, but others are bearing the burden.
Additionally, he highlighted that due to high electricity costs, industries are shutting down. To address this, the government is offering lower electricity rates to industries, even though it results in additional costs.
Moreover, Leghari shared that the government is planning to eliminate load shedding through a new power plan and by promoting energy-efficient practices such as switching to energy-efficient fans.
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He also mentioned the increase in electricity costs, attributing it to the depreciation of the local currency against the US dollar. Furthermore, he hinted at positive developments regarding independent power producers (IPPs) and announced plans to establish new power plants to tackle the issue of load shedding.
