Prime Minister Shehbaz Sharif is likely to announce a major announcement about electricity tariff cuts as he holds a high-level meeting on the power sector tomorrow.

The premier will outline key reforms in the energy sector and provide information about renegotiated agreements with Independent Power Producers (IPPs).

The sources indicate that the government is thinking in terms of lowering electricity prices by Rs 6 to Rs 8 per unit and that the decision lies with the prime minister.

The sit-down, which will see important stakeholders converge, is likely to center on relief measures to consumers as inflation rises. Business leaders across the nation will also sit with the prime minister to address economic woes and power sector reforms.

If the proposed cut in electricity prices goes through, it may come as some relief to consumers and industry as they grapple with runaway energy bills.

In contrast, PM Shehbaz Sharif once again assured the federal government's resolve to improve Balochistan. During a meeting on Wednesday with Balochistan Chief Minister Sarfraz Bugti, the prime minister said the progress of the province is their top priority.

The two leaders spoke about economic, social, and security matters as well as ongoing development schemes in Balochistan. CM Bugti also apprised the prime minister about the current infrastructure projects in the province and offered Eid wishes.