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Articles for tag: audit report, Auditor General's Report, companies, Cost, DISCO, electricity bills, electricity companies, electricity overcharging, electricity sector, Fesco, Gepco, late payment surcharges., LESCO, Loss of Rs 196 billion, MEPCO, Ministry of Energy, national, national fund, NEPRA, obsolete infrastructure, Pesco, Power, protected class, SEPCO, Treasury, year

August 9, 2024

News Desk

How much did the power companies cost the National Treasury in just one year?

Listen to the article KARACHI: Pakistan’s electricity distribution companies (DISCOs) caused a staggering loss of over Rs 196 billion to the national exchequer in just one year, according to the report of the Auditor General of Pakistan for the financial year 2023-24. The audit report points out that eight DISCOs exceeded the loss limits set by the National Electricity Regulatory Authority (NEPRA), with losses ranging from 8.84% to 20.16%. Peshawar Electric Supply Company (PESCO) led the list with losses of Rs 133 billion, followed by Sukkur Electric Power Company (SEPCO) with Rs 19.17 billion, Lahore Electric Supply Company (LESCO) with

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