Pakistan’s state-run Power Distribution Companies (Discos) have demonstrated significant improvement in their performance during the first quarter (July-September) of the current fiscal year, reducing their losses by Rs69 billion and improving bill collections by seven percentage points to 91 percent.
In addition, the growth of circular debt has slowed considerably, increasing by only Rs11 billion between July and October, compared to a staggering Rs301 billion during the same period last year. This shift signals better financial management in the power sector, the Power Division on Wednesday said.