Islamabad, Nov 8 (PTI) Pakistan Prime Minister Shehbaz Sharif on Friday unveiled a three-month electricity relief package aimed at providing major relief to the masses and businesses of the cash-strapped nation.

The relief package, which will cover the months of December, January, and February, is designed to provide savings ranging from Rs 11.42 to Rs 26 per unit.

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Domestic consumers will receive up to Rs 26.7 per unit off their electricity bill for power usage exceeding 200 units in the protected category. Industrial consumers will benefit from a reduction of Rs 5.27 to Rs 15.5 per unit, or 18-37 per cent, while commercial users will see a subsidy of Rs 13.46 to Rs 22.71 per unit, translating into a 34-47 per cent saving.

Addressing an event, Prime Minister Shehbaz said the initiative would stimulate economic growth by enhancing agricultural productivity, industrial output, business activity, and exports.

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He credited the relief package as a key part of the government's broader economic strategy, intended to foster resilience and drive long-term growth.

He also thanked the International Monetary Fund (IMF) for granting permission to implement the package.

Shehbaz also referred to the economic recovery and said that record-high foreign remittances of USD 8 billion were received in the first quarter of the fiscal year. He also mentioned the reduction in inflation to 6.7 per cent.

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