{"id":14144,"date":"2025-01-28T14:05:33","date_gmt":"2025-01-28T14:05:33","guid":{"rendered":"https:\/\/gsrra.com\/?p=14144"},"modified":"2025-01-28T14:05:35","modified_gmt":"2025-01-28T14:05:35","slug":"pakistani-pm-shehbaz-eyes-lower-electricity-costs-for-economic-growth","status":"publish","type":"post","link":"https:\/\/gsrra.com\/?p=14144","title":{"rendered":"Pakistani PM Shehbaz eyes lower electricity costs for economic growth"},"content":{"rendered":"\n

PM reaffirmed his government\u2019s commitment to economic revival, highlighting efforts to boost business and trade<\/em><\/strong><\/p>\n\n\n\n

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PM reaffirmed his government\u2019s commitment to economic revival, highlighting efforts to boost business, trade, and foreign investment while addressing the inauguration of the six-star Movenpick Hotel in the capital.<\/p>\n\n\n\n

\u201cIt is a proud moment for Pakistan that a state-of-the-art international hotel has been launched. I commend the Centaurus Group for their nation-building efforts and thank the Movenpick management for bringing world-class hospitality to our country,\u201d said Sharif.<\/p>\n\n\n\n

The prime minister pointed to progress in stabilising the economy, noting that inflation had fallen below 5% and the banking policy rate was now under 13%. Further reductions are expected after the State Bank of Pakistan\u2019s upcoming policy meeting, he added.<\/p>\n\n\n\n

PM outlined growth in exports, particularly in the IT sector, and detailed plans to develop agriculture, industry, IT, mining, and minerals. He also acknowledged the challenges of high energy costs impacting industrial and agricultural sectors.<\/p>\n\n\n\n

\u201cA competitive industrial sector is essential for economic growth, and we are committed to easing the cost of doing business,\u201d he said.<\/p>\n\n\n\n

The prime minister announced a renewed privatisation initiative for Pakistan International Airlines (PIA), urging Pakistani investors to participate in a transparent bidding process.<\/p>\n\n\n\n

\u201cJust as banks were successfully privatised during the 1990s under Prime Minister Nawaz Sharif, and are now thriving, PIA too will be transformed into a world-class airline, just as it was in the 1960s,\u201d he said.<\/p>\n\n\n\n

Shehbaz Sharif also confirmed that Pakistan is nearing the conclusion of its final International Monetary Fund (IMF) programme and emphasised the government\u2019s focus on removing barriers to foreign investment.<\/p>\n\n\n\n

\u201cPakistan will resurrect as a great nation through the collective efforts of stakeholders and nation-builders,\u201d he said, expressing optimism for the country\u2019s future.<\/p>\n\n\n\n

The event saw praise for the Centaurus Group, with the prime minister lauding their contributions to economic development and urging more investments of similar calibre.<\/p>\n\n\n\n

PM Shehbaz concluded by reiterating his government\u2019s resolve to promote economic stability, facilitate commerce, and ensure Pakistan\u2019s resurgence as a thriving and progressive nation.<\/p>\n\n\n\n

Reference Link:- https:\/\/tribune.com.pk\/story\/2524845\/pm-shehbaz-eyes-lower-electricity-costs-for-economic-growth<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

PM reaffirmed his government\u2019s commitment to economic revival, highlighting efforts to boost business and trade Prime Minister Shehbaz Sharif on Monday pledged to lower electricity costs, addressing the challenges faced by Pakistan\u2019s industrial and agricultural sectors due to high energy tariffs PM reaffirmed his government\u2019s commitment to economic revival, highlighting efforts to boost business, trade, […]<\/p>\n","protected":false},"author":1,"featured_media":14145,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[11435,132,2854,62,105,11436,200,36,11437,11434],"class_list":["post-14144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sample-category","tag-economic-reforms","tag-economy","tag-electricity","tag-energy","tag-geopolitics-2","tag-industrail-incentives","tag-inflation","tag-pakistan","tag-pm-shehbaz-eyes-lower-electricity-costs-for-economic-growth","tag-reduction-in-electricity-prices"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/14144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14144"}],"version-history":[{"count":1,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/14144\/revisions"}],"predecessor-version":[{"id":14146,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/14144\/revisions\/14146"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/media\/14145"}],"wp:attachment":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}