The government has lowered the industrial power tariff from Rs38 to Rs23 per unit, a reduction of Rs15 per unit.
The move will assist in reducing corporate costs and open the door for more investment and job prospects, according to Khurram Schehzad, the finance minister’s adviser. He claimed that encouraging growth, luring investment, and generating employment are the government’s primary goals.
According to Khurram Schehzad, the government’s main initiatives include cutting interest rates in half, enhancing capital access, changing the tax code, and offering assistance to the business and salaried sectors. He went on to say that enforcement and compliance are being improved by concentrating on the undocumented economy.
According to the consultant, the lengthy approval process has been much simplified, and the regulatory framework has been loosened.
