PM approves creation of HESCO through executive order: Javed Abbassi

News Image

MG News | October 17, 2017 at 05:21 PM GMT+05:00

0:00

Prime Minister Khaqan Abbasi on Tuesday issued executive orders for the creation of Hazara Electricity Supply Company (HESCO) for speedy addressing of complaints, besides smooth power supply to consumers of the area, stated Deputy Speaker NA Murtaza Javed Abbasi while talking to APP here.

He further said that during the month of January former PM Muhammad Nawaz Sharif had initially approved the bifurcation of Peshawar Electricity Supply Company (PESCO) where Swat and Swabi were also included in the HESCO.

Murtaza Javed Abbasi disclosed that one month earlier, we met again with the PM Khaqan Abbassi and requested him to specifically create the new power distribution company for Hazara region.

He maintained that despite several difficulties PM Abbassi approved it on our request and notified through a special executive order for the creation of HESCO which would be presented in the next cabinet meeting for approval and hoped within next two months HESCO would be operational.

Replying to a question about HESCO revenue generation, Deputy Speaker said that Hazara region is one of those areas of the country where Wapda is generating its maximum revenue with 65 million consumers, after creation of HESCO it would also be on top of revenue collection in the country.

Murtaza Abbassi said that besides resolution of the issues of electricity in Hazara division, HESCO would also provide more than 3700 job opportunities in Hazara whereas 1350 posts in this region are also vacant. 

Related News

Name Price/Vol %Chg/NChg
KSE100 171,115.82
431.76M
-1.03%
-1778.46
ALLSHR 102,630.82
1,022.40M
-0.72%
-743.98
KSE30 51,478.54
123.81M
-1.23%
-641.56
KMI30 245,731.79
184.52M
-1.22%
-3035.83
KMIALLSHR 66,650.32
595.11M
-0.81%
-541.20
BKTi 47,279.59
41.00M
-1.38%
-660.98
OGTi 35,704.94
10.73M
-1.65%
-598.06
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 80,390.00 0.00
0.00
5.00
0.01%
BRENT CRUDE 100.25 102.92
99.55
0.19
0.19%
RICHARDS BAY COAL MONTHLY 110.00 0.00
0.00
-3.30
-2.91%
ROTTERDAM COAL MONTHLY 107.10 107.75
106.20
2.10
2.00%
USD RBD PALM OLEIN 1,191.50 1,191.50
1,191.50
0.00
0.00%
CRUDE OIL - WTI 94.68 0.00
0.00
-0.74
-0.78%
SUGAR #11 WORLD 14.69 14.75
14.46
0.15
1.03%

Chart of the Day


Latest News
May 10, 2026 at 05:50 PM GMT+05:00

RDA hits record $321m in April


May 10, 2026 at 04:27 PM GMT+05:00

New airline South Air brings first aircraft to Pakistan


May 10, 2026 at 09:53 AM GMT+05:00

RDA inlows stay strong amid higher oil bill


May 10, 2026 at 09:33 AM GMT+05:00

Pakistan rushes for spot LNG amid Hormuz disruption



Top 5 things to watch in this week

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