DISCOs losses top Rs591b in FY2023-24
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Iesco stood on top in the wake of its plausible performance to curb losses, improve recoveries and act in line with the time frame for new connections. PHOTO: FILE
ISLAMABAD:
Power Distribution Companies (DISCOs) suffered a loss of Rs591 billion on accounts of line losses and less recovery during last fiscal year 2023-24.
However, the losses stood at Rs 239 billion in first quarter of the current fiscal year 2024-24 as compared to Rs 308 billion during the corresponding period of last year, showing an improvement of Rs 69 billion, said a statement issued by Ministry of Power Division here Wednesday.
The recovery of DISCOs also witnessed a visible upward trend and it was recorded as 91 per cent as compared to 84 per cent during the said periods.