PM Shehbaz reforms 6 DISCO boards

Business Jul, 24 2024
PM Shehbaz reforms 6 DISCO boards
  • 117
  • 0

 ISLAMABAD: Prime Minister Shehbaz Sharif reconstituted boards of six power distribution companies over unsatisfactory performance.

He reconstituted six boards including Lahore Electric Supply Company, Faisalabad Electric Supply Company, Multan Electric Power Company, Peshawar Electri Supply, Hazara Electric Supply Company and Islamabad Electric Supply Company. Amer Zia, power sector consultant was appointed chairman of two boards (Lahore and Multan), while Himayatullah Khan will head Peshawar and Hazeco power companies. Similarly, Tahir Masood will be chairman of IESCO board and Omar Farooq has been appointed chairman board of directors of FESCO. Prime Minister had previously halted reconstitution of boards for SEPCO and HESCO. Government recently 'okayed' deputation of Federal Investigation Officers officers to electricity distribution companies to end power theft. Move was taken to end power theft and enhance recoveries on demand of International Monetary Fund, sources said.  In this regard, letter has been penned to Power Division regarding deputation of FIA officers in five DISCOs including Islamabad Electric Supply Company, Faisalabad, Gujranwala, Tribal Areas and Quetta Electric Supply Companies. It is to be noted that FIA officers are already deputed in Peshawar, Sukkur and Hyderabad Electric Supply Companies.

NC Big Stories

PM orders action to combat human trafficking

ISLAMABAD: Prime Minister Shehbaz Sharif has directed authorities to take strong action against human trafficking, stressing that such activities damage Pakistan's international reputation. He demanded a detailed report on the number of cases involvi...

CJP Afridi terms ZA Bhutto case a 'dark chapter'

ISLAMABAD: Chief Justice Yahya Afridi has raised concerns about significant lapses in the trial of former Prime Minister Zulfikar Ali Bhutto, terming the case a "dark chapter" in Pakistan's judicial history. In an additional note, Justice Afridi part...

TEACHERS TRAINING NEED ENHANCEMENT TO IMPART BOTH ACADEMIC AND MORAL VALUES: DR ASIM

Ziauddin School and College organized an engaging ZED Talk at their newly established campus, creating a dynamic platform that seamlessly blended motivational speaking with humor and creativity. The purpose of the event was to empower students to sha...

Tessori invites UAE investors to explore investment opportunities in Sindh

ISLAMABAD: Governor Sindh Kamran Khan Tessori attended the 53rd National Day celebration of the United Arab Emirates (UAE) in Islamabad, where he was warmly welcomed by UAE Ambassador Hamad Obaid Ibrahim Salem Al-Zaabi and other diplomatic staff. Gov...

More like this
Related

FBR to launch faceless tax assessment system

KARACHI: The Federal Board of Revenue (FBR) is set to implement the Faceless Customs Assessment (FCA) system in Karachi, marking a significant step in the FBR's transformation plan approved by the prime minister. Under the new system, all import goo...

KSE-100 surpasses 116,000

KARACHI: The KSE-100 Index has reached a historic high, closing above 116,000 points, as investor optimism grows in anticipation of further interest rate cuts by the State Bank of Pakistan (SBP). This marks a significant milestone for the Pakistani...

OGDCL boosts production with revived heavy oil well in Punjab

PUNJAB: Oil and Gas Development Company Limited (OGDCL), Pakistan's largest exploration and production (E&P) company, has successfully revived a heavy oil well in the Rajian Oil Field located in Punjab. The company announced this significant dev...

Fifth Consecutive Cut: SBP slashes policy rate by 200bps to 13%

KARACHI: The State Bank of Pakistan (SBP) has announced a 200 basis points reduction in its key policy rate, lowering it to 13%. This decision marks the fifth consecutive rate cut since June 2024, when the policy rate stood at 22%. The reduction, ef...
Need Help? Chat with us