Govt’s New Plan: Energy-Saving Fans on Interest-Free Installments

In a significant step towards reducing energy consumption and easing the financial strain on households, the Government of Pakistan has unveiled a forward-thinking initiative: Energy-Saving Fans on Interest-Free Installments. This plan, spearheaded by Prime Minister Shehbaz Sharif, is expected to be formally introduced in Budget 2025-26 and is being hailed as a smart and sustainable move for both citizens and the national grid.

Why Energy-Saving Fans Matter

Pakistan faces increasing electricity demands, especially during scorching summer months when cooling appliances work overtime. Traditional AC fans, commonly used across the country, consume significantly more electricity compared to modern DC (Direct Current) energy-efficient fans.

By encouraging the switch to these advanced fans, the government hopes to save an estimated 5,000 megawatts (MW) of power—a number that could drastically reduce load-shedding and improve energy availability during peak hours.

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How the Scheme Works

The proposed scheme will allow households to purchase energy-efficient fans on easy, interest-free monthly installments. Here’s how it works:

• Fan Cost Recovery: Instead of an upfront payment, the cost will be recovered gradually through monthly electricity bills, making the transition more affordable.
• Bank-Backed Financing: Banks will support the installment plan, with government subsidies helping make it interest-free.
• Nationwide Accessibility: Every household in Pakistan will be eligible to participate, promoting widespread adoption of efficient technology.

This smart financing model is not only consumer-friendly but also designed to integrate seamlessly into existing utility payment systems.

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Economic Relief for Households

This initiative comes at a time when many families are struggling with high electricity costs. By replacing old, inefficient fans, consumers will benefit in two major ways:

1. Reduced Monthly Electricity Bills: Energy-efficient fans use up to 60% less electricity, offering immediate savings.
2. Zero Interest Financing: With no added interest or hidden fees, this plan is budget-friendly and accessible even for low-income families.

The government is focusing on tangible, long-term relief, and this fan replacement scheme is a key part of that strategy.

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Environmental & National Impact

Beyond household benefits, the environmental impact of this shift is enormous. Conserving 5,000 MW means:

• Lower carbon emissions
• Less pressure on power plants
• Improved grid reliability
• Sustainable energy practices

This initiative aligns with Pakistan’s broader goal of moving towards a greener, energy-conscious future.

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Consultation with IMF for Better Implementation

Given the scale of financial support involved, the government plans to consult with the International Monetary Fund (IMF) to ensure smooth and transparent implementation. Such collaboration will help balance fiscal responsibility with public welfare.

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A Glimpse Into Budget 2025-26

This scheme is just one of several citizen-centric proposals under review for Budget 2025-26. Prime Minister Shehbaz Sharif has directed all relevant ministries to explore and execute innovative solutions to ease the financial burden on citizens, and this energy-saving fan initiative stands as a flagship example of that commitment.

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Conclusion: A Cool Step Toward a Brighter Future

The government’s plan to offer Energy-Saving Fans on Interest-Free Installments reflects a refreshing blend of technology, affordability, and foresight. It’s not just about reducing power bills—it’s about redefining energy usage in Pakistan, making homes more efficient, and empowering citizens with sustainable solutions.

As Budget 2025-26 approaches, all eyes are on how this promising plan will roll out. If successful, it could mark a major milestone in the country’s energy and economic landscape.