Federal Minister Rana Tanveer Hussain stated on Saturday that the power rates will go down further.
Expressing his thoughts in Lahore Chamber of Commerce & Industry, Hussain stated, "The initiatives, which generally take many years to complete, have been taken by Shehbaz Sharif in years."
Hussain fired a broadside at the Pakistan Tehreek-e-Insaf-led government, asserting the party had harmed the country's economy.
He vowed that the government was taking all-out measures to steer the country towards prosperity.
Also Read: ECC approves electricity tariff rebasing
Separately, it was reported that the Economic Coordination Committee (ECC), chaired by Finance Minister Muhammad Aurangzeb, endorsed the summary for annual rebasing of electricity tariffs and issued policy guidelines to the National Electric Power Regulatory Authority (Nepra) for its implementation.
The tariff rebasing is scheduled to take effect from January 1, 2025, instead of July 1, 2024, with the Power Division directed to forward the policy to Nepra for action.
