ISLAMABAD: The federal cabinet, with Prime Minister Shehbaz Sharif in the chair, has approved the tariff review of eight more independent power plants (IPPs) running on bagasse.
The cabinet meeting on Tuesday granted its approval on the recommendation of the Ministry of Energy and the Power Division to settle agreements with DW Unit I, Unit II, RYK Mills, Chiniot Power, Hamza Sugar, Al-Moez Industries, Thal Industries, and Chinar Industries.
As a result of these agreements, electricity prices for the general public would decrease, and the national exchequer would benefit by Rs238 billion rupees, PM Office Media Wing said in a press release.
Addressing the meeting, the premier said the government was taking all possible steps to reduce electricity prices for the common man.
He emphasised that “the national interests should always be prioritised in every decision and action and also mentioned that the promotion of the private sector and industries in the country was a key priority for the government.”
The federal cabinet was also informed that out of 250 Pakistani pilgrims in Syria, 79 had reached Beirut, from where they would be brought back to Pakistan. Additionally, out of 20 teachers and students in Syria, seven teachers had also reached Beirut.
