Govt directs discos to update financial records for privatization

News Image

By MG News | March 28, 2024 at 10:03 AM GMT+05:00

0:00

March 28, 2024 (MLN): In order to streamline the privatization process of Distribution Companies (Discos) as per government decisions, Federal Minister for Power, Sardar Awais Ahmed Leghari on Wednesday mandated all companies to maintain updated financial records and compile detailed asset information.

According to a press release issued on the said day, Sardar Awais Ahmed Leghari addressed the Chairmen and Chief Executive Officers (CEOs) of Discos through a video link.

The focus of the discussion centered on combating electricity theft, which the Minister referred to as a form of economic terrorism that has severely impacted the country's economy.

Minister Leghari emphasized the urgent need to address electricity theft, citing its detrimental effects on the national economy.

He encouraged officials of Discos to leverage technology and innovation in their efforts to eradicate power theft.

The objective is to curtail indiscriminate power outages, especially to consumers who diligently pay their bills.

The Minister declared that all obstacles hindering efforts to prevent electricity theft must be removed.

He warned that employees and officers involved in such illegal activities would be dealt with firmly and decisively.

Additionally, Minister Leghari made it clear that there would be no political interference in the campaign against electricity theft.

He stressed that decisions would be made based on merit, ensuring a transparent and impartial approach.

The Federal Minister issued instructions to all Discos to establish modern customer service centers nationwide.

The Minister also directed the appointment of competent officers to ensure the timely resolution of customer complaints.

Furthermore, the Minister issued a directive emphasizing the importance of kindness towards consumers and stated that any mistreatment of consumers, especially regarding the installation of new electricity connections, would not be tolerated.

Minister instructed the authorities to follow the policy of “customer is always right”.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 131,949.07
198.95M
0.97%
1262.41
ALLSHR 82,069.26
730.83M
0.94%
764.01
KSE30 40,387.76
80.88M
1.11%
442.31
KMI30 191,376.82
77.76M
0.36%
678.77
KMIALLSHR 55,193.97
350.11M
0.22%
119.82
BKTi 35,828.25
28.42M
3.64%
1259.85
OGTi 28,446.34
6.84M
-1.02%
-293.01
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,365.00 110,525.00
107,865.00
-1050.00
-0.95%
BRENT CRUDE 67.50 67.96
67.22
-0.80
-1.17%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 106.00 106.00
105.85
-2.20
-2.03%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.73 67.18
65.40
-1.27
-1.90%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 07, 2025 at 06:02 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


July 05, 2025 at 11:58 PM GMT+05:00

Weekly Market Roundup


July 05, 2025 at 02:57 PM GMT+05:00

National Savings Schemes see over Rs27bn inflow in May


July 04, 2025 at 10:16 PM GMT+05:00

CAT upholds CCP’s ruling against PREMA Milk


July 04, 2025 at 10:07 PM GMT+05:00

Gold price in Pakistan falls Rs1,500 per tola



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg