Pakistan Set to Announce New Industrial Policy with Energy and Regulatory Reforms
The government is preparing to introduce a comprehensive industrial policy that will focus on reducing energy costs and streamlining regulations to promote investment and growth.
According to officials, the policy aims to create a more business-friendly environment by addressing long-standing challenges such as high power tariffs, tax complications, and bureaucratic delays.
Key Features of the Policy
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Removal of Cross-Subsidies: Cross-subsidies on industrial power and gas tariffs will be abolished to ensure fairer and more transparent pricing.
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Abolition of Peak Electricity Rates: Peak-hour surcharges will be removed, allowing industries to benefit from lower energy costs throughout the day.
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Regulatory Reforms: Measures will be taken to minimize unnecessary interference, simplify processes, and encourage ease of doing business.
Impact on Industry and Exports
Senior officials from the Power and Petroleum Divisions confirmed that these initiatives are expected to significantly reduce operational costs for industries. Lower energy prices are projected to make Pakistani exports more competitive in international markets, helping boost foreign exchange earnings.
The government has also emphasized that the reforms are designed to attract foreign direct investment (FDI), protect local industrialists, and support sustainable economic growth.
