Following the government’s milestone on Thursday, the 1.222 trillion circular debt plan can expect a 10 % reduction in electricity bills by 2031.
This agreement, the largest Islamic financing agreement in the country’s energy sector, will retire clearly to the Power Holding Limited (PHL) loans and free power generators (IPPs).
Once the loan is fully paid, the forecast is predicted between 2029 and 2031, RS. 3.23 per unit will be removed from the debit service surcharges (DSS), which will provide direct relief to consumers. The agreement, which is created around Islamic finance equipment and the involvement of 18 commercial banks, is expected to save RS. Injection with 377 billion in late payment interest and major liquidity in the power sector.
Officials say the move has identified a decisive change in the market -based, transparent payment model, with a lower profit rate than the traditional market level, officials say. The project also witnessed extraordinary harmony between civilian and military leadership, in which the Chief Field Marshal Syed Asim Munir and Privatization Minister Mohammad Ali were played.
Although there is no immediate bill relief, officials have emphasized that the long -term impact will be sufficient, will strengthen the sector and restore investors’ confidence.