PM cuts industrial electricity tariff, awards exporters blue passports

Islamabad – (Web Desk) – Prime Minister Shehbaz Sharif has announced a significant reduction in electricity tariffs for industries and revealed plans to issue blue passports to the country’s top exporters.

Speaking to leading exporters and business leaders in Islamabad on Friday, the Prime Minister highlighted that electricity in Pakistan is much more expensive than in many other countries. “I am announcing a Rs4.04 decrease in electricity prices. I wish I could reduce it by another 10 rupees, but my hands are tied,” he said.

He also shared that the government will recognize the country’s top exporters by issuing them blue passports, rewarding their contribution to Pakistan’s economy.

Shehbaz Sharif said he could now state without hesitation that Pakistan’s economy had become “stable”. He lauded the audience members for their “hard work and efficiency” and stated, “I can say without any hesitation that Pakistan has become a stable economy.”

PM Shehbaz noted that due to the efforts made by the government, inflation was now in “single digits, policy rate is at 10.5 per cent”.

The prime minister recalled that “there was a time when the policy rate used to be 21.5-22pc, and inflation was galloping” and added people did not know what was to come. “We faced a lot of difficulties, and our industrialists and businessmen faced these difficulties head-on,” he recalled.

“There was hope that maybe there would come a better time, and Pakistan would be on its way to progress,” he added.

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Earlier, Prime Minister Shehbaz Sharif, Deputy Prime Minister Senator Ishaq Dar, federal ministers, leading businessmen, entrepreneurs and exporters attended the ceremony, during which prominent members of the business community and exporters conferred awards on the basis of their performance during the year 2024 and 2025.