ISLAMABAD According to a Thursday story in The News, Pakistan’s power distribution firms, or discos, are in financial distress and lose about $1 billion a year as a result of frequent line failures, theft, and inefficiencies.
Discos are in serious problems due to a combination of high-risk elements that lead to operational inefficiencies and a persistent circular debt problem, according to a recent report from the Ministry of Finance that was produced to meet the standards of the International Monetary Fund (IMF).
Peshawar Electric Supply Company (Pesco), Quetta Electric Supply Company (QESCO), Gujranwala Electric Power Company (Gesco), Hyderabad Electric Supply Company (Hesco), Lahore Electric Supply Company (Lesco), Multan Electric Power Company (Mesco), and Islamabad Electric Supply Company (IESCO) are some of these distribution companies.
The main cause of this debt is discos’ incapacity to generate enough revenue.
