PM Shehbaz reforms 6 DISCO boards

Business Jul, 24 2024
PM Shehbaz reforms 6 DISCO boards
  • 105
  • 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

Miftah comes hard on Dar for petrifying off potential buyers

ISLAMABAD: Former Finance Minister and leader of Awam Pakistan Party (AWP) Miftah Ismail said that Deputy Prime Minister Ishaq Dar’s ‘clever’ strategies drove away potential buyers interested in acquiring Pakistan International Airl...

Imran Khan urges workers to join protest

RAWALPINDI: Pakistan Tehreek-e-Insaf (PTI) has issued key instructions for its supporters ahead of the November 24 protest as directed by Imran Khan, which is being described as a decisive moment for the party’s future. According to a statement...

JUI-F chief Fazl lambastes KP for prioritising politics over public interest

ISLAMABAD: In a sharp critique of recent legislative changes, Jamiat Ulema-e-Islam (JUI-F) chief Maulana Fazlur Rehman has said Pakistan’s 26th Constitutional Amendment has introduced laws that make citizens feel like “suspects in their o...

Biden to Ukraine: Target deep inside Russia with US weapons

WASHINGTON: President Joe Biden’s administration has allowed Ukraine to use US -made weapons to strike deep into Russia, two US officials and a source familiar with the decision said yesterday, in a significant reversal of Washington’s po...

More like this
Related

Meta supports Pakistani creators in Karachi to inspire new wave of content

KARACHI: Meta connected with content creators in Karachi through various engagements starting with an event on November 6 that brought together around 40 creators from across Pakistan. Throughout the week, Meta worked with popular creators like Food...

Gold price rises by Rs1,400/tola

KARACHI: After a sharp decline in the previous session, gold prices in Pakistan saw a notable rebound on Wednesday, tracking the upward movement in international rates. The price of gold per tola rose by Rs1,400, settling at Rs271,900 in the local m...

Pakistani rupee appreciates marginally against USD

ISLAMABAD: The Pakistani rupee showed a slight improvement against the US dollar on Wednesday, gaining 0.03% in the inter-bank market. At the close of trading, the rupee settled at Rs277.85, marking an increase of Re0.08 compared to the previous day...

KSE-100 ends marginally higher amid volatile trading

KARACHI: The Pakistan Stock Exchange (PSX) saw volatile trading on Wednesday, with the KSE-100 Index closing with a modest gain of 131 points. After starting the session in the red, the index hit an intra-day low of 92,943.08 points. However, a wave...
Need Help? Chat with us