Pakistan, April 3 -- Prime Minister Shehbaz Sharif has announced a significant reduction in electricity prices for both domestic and industrial consumers. For domestic users, the price will drop by Rs 7.41 per unit, bringing the rate to Rs 38.37 per unit. Industrial consumers will see a Rs 7.59 per unit reduction, lowering their rate to Rs 40.60 per unit. This move is expected to provide substantial relief amid rising costs.

During the announcement, the Prime Minister highlighted that high electricity prices had hindered Pakistan's industrial and agricultural growth. He acknowledged the challenges ahead but stressed the importance of working together to improve the economy. He also discussed the government's efforts to restore trust with...