The Vice President and Regional Chairman of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Zaki Aijaz, stressed the need to reduce electricity prices to 9 cents per unit during a discussion on high tariffs and agreements with IPPs. He made these remarks while addressing the fourth meeting of the FPCCI Central Standing Committee on “Energy,” convened by the committee’s convener, Malik Khuda Bakhsh, at the FPCCI Regional Office.

Zaki Aijaz stated that lowering energy prices could stimulate economic growth, suggesting that renegotiations with IPPs and alternative solutions to reduce electricity costs for businesses and consumers could be considered. The meeting was attended by committee members, business leaders, and technocrats who discussed the utilization of available energy resources in the country, the exploration of new resources, and various proposals.

In his address, Malik Khuda Bakhsh stated that under his leadership, the Energy Committee is providing effective recommendations to the government and relevant institutions from the FPCCI platform to address the challenges in the energy sector. He expressed confidence that they would successfully contribute to the energy development that Pakistan needs. Malik Khuda Bakhsh emphasized that the Energy Committee is an open forum for presenting recommendations and benefits from the extensive experience and expertise of professionals from relevant fields. These recommendations are being reviewed and provided to work on energy development in Pakistan.