The Multan Electric Power Company (MEPCO) has returned to profitability after recording a Rs. 1.05 billion profit, completing a financial turnaround of more than Rs. 37 billion over the past two years, according to the Power Division.
The Power Division said MEPCO moved from a Rs. 36 billion loss to a profit under reforms introduced during the tenure of Federal Minister for Power Sardar Awais Ahmad Khan Leghari.
According to the ministry, MEPCO’s line losses declined from 15.2 percent to 11.9 percent, while its recovery rate improved from 98.6 percent to 100.8 percent.
The Power Division attributed the improvement to better billing, stronger action against electricity theft, and wider sector reforms that significantly strengthened the company’s financial performance.
It said the turnaround was also supported by an independent board of directors, improved oversight, greater automation, and increased use of technology in monitoring operations.
The ministry described MEPCO’s recovery as a model for reforms in Pakistan’s power distribution sector, adding that similar governance, transparency, and technology driven reforms are being implemented across other electricity distribution companies.
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