Pakistan Saves 60 Billion Rupees in Power Deal

Prime Minister Shehbaz Sharif announced that Pakistan has renegotiated contracts with five independent power producers, promising an annual saving of 60 billion rupees. This new agreement replaces previous costly power purchase agreements.

In a significant financial maneuver, Pakistan has finalized a deal with five independent power producers to modify power purchase contracts, potentially saving the nation 60 billion rupees annually, as revealed by Prime Minister Shehbaz Sharif on Thursday.

This agreement signifies the government's latest effort to optimize its energy sector expenditures and enhance economic stability. Sharif noted that the revised terms will abolish previous, expensive power purchase agreements.

This move aligns with broader fiscal policies aimed at reducing national debt and boosting economic performance in the energy sector. The currency exchange is calculated at $1 equating to 277.6500 Pakistani rupees.

(With inputs from agencies.)