By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Latest World News UpdateLatest World News UpdateLatest World News Update
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Legal Talk
Reading: Pakistan: Electricity bills to rise as govt set to privatise power distribution companies – World News Network
Share
Notification Show More
Font ResizerAa
Latest World News UpdateLatest World News Update
Font ResizerAa
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Legal Talk
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Latest World News Update > Blog > World > Pakistan: Electricity bills to rise as govt set to privatise power distribution companies – World News Network
World

Pakistan: Electricity bills to rise as govt set to privatise power distribution companies – World News Network

worldnewsnetwork
Last updated: April 28, 2024 12:00 am
worldnewsnetwork 1 year ago
Share
SHARE

Islamabad [Pakistan], April 28 (ANI): The Pakistani government has finalised a plan to privatise profit-making power distribution companies (Disco), adding that electricity prices are likely to go up reported ARY News, citing sources.
According to the sources, the Shehbaz-led coalition government has finalised this plan to privatise five profit-making power companies.
The power companies include Lahore Electric Supply Company (LESCO), Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO), Multan Electric Power Company (MEPCO) and Faisalabad Electric Supply Company (FESCO).
In the first phase, the government has decided to constitute a new board for power companies, adding that the privatisation ministry has sent a summary to the cabinet regarding the formation of a high-powered 12-member board for Discos privatisation, ARY News reported.
These 12 members of the board will be the directors of all five discos and will look over all the privatisation processes of profit-making discos, sources said.
They added that electricity prices are likely to go up with the privatisation of power companies.
Earlier, the caretaker government approved privatising loss-making power entities.
Notably, the federal government last month ‘okayed’ deputation of Federal Investigation Officers (FIA) officers to electricity distribution companies (DISCOs) to end power theft, reported ARY News.
The move was taken to end power theft and enhance recoveries on the demand of the International Monetary Fund (IMF).
It came after power theft in power distribution companies (DISCOs) reportedly resulted in Rs 438 billion loss to the national kitty, reported ARY News.
The losses soared to over Rs 438 billion out of the total annual billing of Rs 723 billion, the sources mentioned.
Moreover, the power division had declared that the power supplying companies in Hyderabad, Sukkur, Peshawar, Quetta, and Tribal areas as the worst-performing DISCOs. (ANI)

Contents
WORLD MEDIA NETWORKPRESS RELEASE DISTRIBUTIONPress releases distribution in 166 countriesPress releases in all languagesPress releases in Indian LanguagesIndia PackagesEurope PackagesAsia PackagesMiddle East & Africa PackagesSouth America PackagesUSA & Canada PackagesOceania PackagesCis Countries PackagesWorld Packages

Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News

sponsored by

WORLD MEDIA NETWORK


PRESS RELEASE DISTRIBUTION

Press releases distribution in 166 countries

EUROPE UK, INDIA, MIDDLE EAST, AFRICA, FRANCE, NETHERLANDS, BELGIUM, ITALY, SPAIN, GERMANY, AUSTRIA, SWITZERLAND, SOUTHEAST ASIA, JAPAN, SOUTH KOREA, GREATER CHINA, VIETNAM, THAILAND, INDONESIA, MALAYSIA, SOUTH AMERICA, RUSSIA, CIS COUNTRIES, AUSTRALIA, NEW ZEALAND AND MORE

Press releases in all languages

ENGLISH, GERMAN, DUTCH, FRENCH, PORTUGUESE, ARABIC, JAPANESE, and KOREAN CHINESE, VIETNAMESE, INDONESIAN, THAI, MALAY, RUSSIAN. ITALIAN, SPANISH AND AFRICAN LANGUAGES

Press releases in Indian Languages

HINDI, MARATHI, GUJARATI, TAMIL, TELUGU, BENGALI, KANNADA, ORIYA, PUNJABI, URDU, MALAYALAM
For more details and packages

Email - support@worldmedianetwork.uk
Website - worldmedianetwork.uk

India Packages

Read More

Europe Packages

Read More

Asia Packages

Read More

Middle East & Africa Packages

Read More

South America Packages

Read More

USA & Canada Packages

Read More

Oceania Packages

Read More

Cis Countries Packages

Read More

World Packages

Read More
sponsored by

You Might Also Like

Indian Embassy in contact with Niger authorities for Ranjit Singh’s safe release: MEA – World News Network

Taiwan detects Chinese incursions around territory – World News Network

India expands consular services in US with eight new centres – World News Network

Bangladesh needs fundamental reforms, says NCP Joint Convener Tajnuva Jabeen ahead of uprising anniversary – World News Network

Maharashtra: Israeli Consul General Kobbi Shoshani inaugurates two synagogues in Alibaug – World News Network

Share This Article
Facebook Twitter Email Print
Previous Article UAE: Burjeel Medical City carries out first deceased donor liver transplant – World News Network
Next Article BSP leader and Mayawati’s nephew Akash Anand booked for poll code violation – World News Network
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
136kSubscribersSubscribe
4.4kFollowersFollow
- Advertisement -

Latest News

Kharge accuses Centre, EC of disenfranchising poor and minorities – World News Network
National 14 hours ago
“Atmosphere of global instability prevails…” PM Modi says India should remain vigilant over its economic interests, vows to protect farmers’ interests – World News Network
National 14 hours ago
My father died before farm laws were passed: Rohan Jaitley to Rahul – World News Network
National 14 hours ago
Delhi Police busts counterfeit branded jeans racket, three accused held & large quantity seized – World News Network
National 14 hours ago

Sports

Irfan Pathan hails Siraj, Prasidh for brilliance with ball in Oval Test – World News Network
Sports
Pakistan batter Sadaf Shamas ruled out of Ireland T20I series – World News Network
Sports

Popular Category

  • Business
  • Entertainment
  • Health
  • National
  • Videos
  • Gujarati

Popular Category

  • Hindi
  • Lifestyle
  • Marathi
  • National
  • Science
  • Sports
  • Tech
  • World

Entertainment

“Memories of Lagaan refreshed”: Aamir Khan returns to Bhuj after 25 years; attends ‘Sitaare Zameen Par’ screening – World News Network
Entertainment
‘Spider-Man: Brand New Day’: Marvel teases Tom Holland’s comic-inspired black webbed suit – World News Network
Entertainment
Copyright © 2023 World News Network. All Rights Reserved.
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?