Islamabad, June 10, 2025: The government has approved a comprehensive plan to deal with the country’s persistent electricity crisis, including the immediate closure of all state-owned thermal power plants, Finance Minister Muhammad Aurangzeb announced on Tuesday.
The move is expected to save the national treasury nearly Rs 7 billion annually by eliminating subsidies to loss-making power units. Officials say the decision is part of a broader push to privatize the energy sector and attract private investment in modern power generation.
Reko Diq Mining Project to Boost Economy
The finance minister also highlighted the Reko Diq copper and gold mine as a strategic national asset, with the potential to transform Pakistan’s economic landscape. The project, which has an estimated operational life of 37 years, is expected to generate substantial revenue and create thousands of jobs.
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To maximize its benefits, the government is accelerating infrastructure development, including new road and rail links connecting Reko Diq to key ports at Gwadar and Port Qasim.
Customs Duty Reforms to Ease Trade Barriers
In a bid to enhance trade competitiveness, the government announced plans to eliminate additional customs duties over the next four years, with a maximum duty cap of 15%. The reforms aim to reduce business costs and align Pakistan’s trade policies with international standards.
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Analysts say the measures signal a shift toward economic liberalization, though challenges in execution remain, particularly in ensuring a smooth transition for affected power sector workers.
