Posted 2/18/2024, 3:42:00 AM
High Electricity Prices Restrict Pakistan's Economic Growth
- Pakistan's economic growth is constrained by low investment, high imports, and lack of competitively priced local production
- Affordable energy, especially electricity, is critical to boost domestic production and exports
- High electricity prices restrict consumption and production, fueled by capacity payments, taxes, government charges
- Delink electricity pricing from fiscal deficit by reducing taxes and swap dollar debt for local currency debt
- Lower electricity prices to increase consumption and production, expanding the economic pie and tax base