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flag Pakistan's power sector lost PKR 258B in 2024–25 due to theft, inefficiency, and rising debt despite subsidies.

flag Pakistan’s power sector worsened in 2024–25, with distribution companies (DISCOs) recording a combined loss of PKR 258 billion and cumulative deficits reaching PKR 3 trillion, driven by high theft, inefficiency, and poor collections. flag Circular debt grew despite over PKR 1 trillion in government subsidies, while power prices surged due to a PKR 3.23 per unit surcharge, deterring investment. flag Only four of ten DISCOs turned a profit, with Quetta Electric reporting PKR 113 billion in annual losses. flag Transmission constraints and underutilized plants further inflated costs, and consumer complaints exceeded 96,000. flag NEPRA warned that decades of reforms have failed to fix systemic flaws, and without structural change, financial strain will continue.

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