Power Division denounces news channel's claims of exaggerated theft recovery figures

News Image

MG News | April 11, 2024 at 02:56 PM GMT+05:00

0:00

April 11, 2024 (MLN): Power Division has strongly refuted the misconceived news published by a news channel wherein the energy correspondent claimed that the theft recovery figures provided by the ex-caretaker Minister for Power were exaggerated as the newly appointed Minister claimed that the actual theft figures are very low.

 In this regard, the power division has clarified through a press statement that the anti-theft campaign was started on September 07, 2023.

In the campaign, two areas of recovery were focused on, the first one was recovery of arrears and the second one was electricity theft by the consumers.

Under the head of arrears recovery, the discos can recover Rs84 billion whereas under the theft head, the discos can recover Rs5.5bn from the consumers.

Therefore, the figure quoted by the former caretaker minister was correct and legitimate.

As the main focus of the current letter issued by the Power Minister was the efforts to curb electricity theft, only the amount recovered under the head of theft was mentioned.

"Given the above, the Newspaper and its Energy correspondent shall consult Power Division for any ambiguity or confusion before quoting any misconceived or erroneous statement, harming the efforts of the government for a national cause," it further noted.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 187,033.27
703.36M
-0.84%
-1588.52
ALLSHR 112,355.64
1,322.41M
-0.80%
-909.82
KSE30 57,253.65
170.47M
-0.83%
-477.72
KMI30 264,339.24
259.66M
-0.84%
-2232.30
KMIALLSHR 72,280.61
865.86M
-0.69%
-504.24
BKTi 53,720.25
43.65M
-1.13%
-611.48
OGTi 39,202.65
25.16M
0.13%
50.73
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 89,860.00 90,600.00
87,875.00
195.00
0.22%
BRENT CRUDE 65.06 65.41
63.61
0.14
0.22%
RICHARDS BAY COAL MONTHLY 86.75 0.00
0.00
-1.85
-2.09%
ROTTERDAM COAL MONTHLY 98.75 98.75
98.50
0.90
0.92%
USD RBD PALM OLEIN 1,027.50 1,027.50
1,027.50
0.00
0.00%
CRUDE OIL - WTI 60.52 60.89
59.22
0.16
0.27%
SUGAR #11 WORLD 14.80 14.90
14.66
0.08
0.54%

Chart of the Day


Latest News
January 21, 2026 at 06:15 PM GMT+05:00

SBP raises Rs726bn in T-Bills Auction


January 21, 2026 at 05:49 PM GMT+05:00

Kuwait eyes investment opportunities in Pakistan


January 21, 2026 at 05:03 PM GMT+05:00

Fitch maintains Pakistan's B- credit rating


January 21, 2026 at 05:00 PM GMT+05:00

A World awash in oil yet on edge



Top 5 things to watch in this week

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