The World Bank has approved an additional $55 million for Pakistan’s Electricity Distribution Efficiency Improvement Project to enhance power sector efficiency and support broader reform goals under the Country Partnership …
HESCO
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Islamabad, July 5, 2025: The World Bank has approved an extra $55 million in funding for Pakistan’s Electricity Distribution Efficiency Enhancement Project. The approval was given on June 27, 2025, under …
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BusinessTop Trending News
1,203 Utility Stores Closed Under USC’s Restructuring, NA Panel Informed
by Umar Sohailby Umar SohailISLAMABAD: The National Assembly’s Standing Committee on Privatisation was informed on Wednesday that as part of the restructuring of the Utility Stores Corporation (USC), 1,203 stores have been closed, and 2,237 …
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ISLAMABAD, April 8: The Power Division has expressed strong dissatisfaction with the performance of Sukkur Electric Supply Company (SEPCO), Hyderabad Electric Supply Company (HESCO), and Quetta Electric Supply Company (QESCO), …
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BusinessTrending Now
PAC Irritates on Ministry Working Over Defaulters Issue
by Umar Sohailby Umar SohailIslamabad, March 28: The Public Accounts Committee (PAC) has criticized the Power Division for failing to comply with its directives regarding the submission of a list of the top 300 …
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EconomyLatest Updates
Federal Govt sacks CEOs of two power distribution companies _ PESCO and HESCO
by Umar Sohailby Umar SohailISLAMABAD: The Federal Cabinet has sacked Chief Executive Officers (CEOs) of two power distribution companies _ Peshawar Electric Supply Company (PESCO) and Hyderabad Electric Supply Company (HESCO). Abdul Jabbar Khan …
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EconomyLatest Updates
PITC probe confirms distribution companies overbilled power consumers
by Umar Sohailby Umar SohailPITC submits report to the Power Division which states several DISCOs overbilled consumers. LESCO, GEPCO, FESCO, IESCO, MEPCO and SEPCO all overbilled consumers, reports states. PESCO did not overbill any …
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IMF-backed report reviews 84 commercial state-owned enterprises