Business Community Lauds Govt’s Tariff Reduction, Eyeing Economic Growth

President Sargodha Chamber of Commerce and Industry(SCCI), Khawaja Yasir Qayyum welcomed the recent announcement of a significant reduction in electricity tariffs by the Prime Minister of Pakistan, Muhammad Shahbaz Sharif.

Khawaja Yasir Qayyum praised the government’s move to cut electricity prices by Rs.7.41 per unit for domestic consumers and Rs.7.59 per unit for industrial consumers, calling it a commendable step, adding that he emphasized that this reduction would prove to be very beneficial for economic stability and business development in the country, reducing business costs, increasing productivity of industries and creating new investment opportunities.

As the President of the Sargodha Chamber of Commerce and Industry, I express my heartfelt gratitude to the Prime Minister of Pakistan and the government for this crucial decision, which thoughtfully addresses the challenges faced by the business community. This initiative not only supports industrial growth but also promises to stimulate the economy and generate numerous employment opportunities, paving the way for a more prosperous future.

Chairperson Sargodha Women Chamber of Commerce and Industry(SWCCI),Madam Shamim Aftab also hailed the relief and highlighted the positive impact on women entrepreneurs, who were already dealing with high operational costs.

“The decision to reduce electricity tariffs is highly appreciated, especially by women entrepreneurs. It will encourage more women to engage in business and industry, strengthening our economic fabric,” Madam Aftab remarked. “We urge the government to continue implementing inclusive policies that benefit both male and female entrepreneurs equally.”

Meanwhile, the business community in Sargodha expressed full support for such progressive decisions by the government. They were optimistic that more reform measures will follow, contributing to greater economic stability and an improved ease of doing business environment.