AGL39.33▼ -0.38 (-0.01%)AIRLINK189.94▲ 0.09 (0.00%)BOP9.51▼ -0.32 (-0.03%)CNERGY7.12▲ 0.11 (0.02%)DCL10.22▼ -0.02 (0.00%)DFML41.68▲ 0.37 (0.01%)DGKC109.82▲ 3.83 (0.04%)FCCL38.16▲ 0.44 (0.01%)FFBL96.26▲ 2.85 (0.03%)FFL14.89▼ -0.11 (-0.01%)HUBC128.83▲ 6.53 (0.05%)HUMNL14.52▲ 0.21 (0.01%)KEL6.19▼ -0.13 (-0.02%)KOSM7.99▼ -0.13 (-0.02%)MLCF49.98▲ 1.2 (0.02%)NBP72.43▲ 0.12 (0.00%)OGDC233.29▲ 10.34 (0.05%)PAEL35.12▲ 1.5 (0.04%)PIBTL9.36▼ -0.31 (-0.03%)PPL211.4▲ 9.95 (0.05%)PRL36.52▲ 2.72 (0.08%)PTC26.04▼ -0.55 (-0.02%)SEARL114.8▼ -2.07 (-0.02%)TELE9.41▼ -0.22 (-0.02%)TOMCL38.6▲ 1.99 (0.05%)TPLP12.79▲ 0.84 (0.07%)TREET25.98▲ 1.49 (0.06%)TRG62▲ 0.64 (0.01%)UNITY35.57▼ -0.49 (-0.01%)WTL1.92▲ 0.13 (0.07%)

CM Murad proposes subsidized power for increased factory shifts

Share
Tweet
WhatsApp
Share on Linkedin
[tta_listen_btn]

Sindh Chief Minister Syed Murad Ali Shah has proposed offering subsidized electricity to factories operating additional shifts to combat the rising costs that have forced many industries to scale back production.

He noted that while the federal government produces around 40,000 MW of electricity—well above the 30,000 MW demand—high tariffs are burdening factories and commercial businesses, leading to reduced output and job losses.

The Chief Minister explained that subsidized power could encourage factories to run extra shifts, thereby boosting production and creating more employment opportunities for both skilled and unskilled workers.

This would also help utilize the surplus electricity, easing the federal government’s financial strain from paying Independent Power Producers (IPPs) for unused power. Additionally, increased production could strengthen exports and boost foreign exchange earnings.

Murad shared these insights during a meeting with a 17-member commercial businesses, leading to reduced output and job losses.

The Chief Minister explained that subsidized power could encourage factories to run extra shifts, thereby boosting production and creating more employment opportunities for both skilled and unskilled workers.

This would also help utilize the surplus electricity, easing the federal government’s financial strain from paying Independent Power Producers (IPPs) for unused power. Additionally, increased production could strengthen exports and boost foreign exchange earnings.

Related Posts

Get Alerts

© 2024 All rights reserved | Pakistan Observer