Local Affairs

PM Shehbaz Orders Major Audit of DISCO Billing Systems

A comprehensive technical audit of the billing systems used by Pakistan’s power distribution companies has been ordered by Prime Minister Shehbaz Sharif. During a Power Division review meeting, it was announced that the best-performing DISCO would be formally recognized and awarded to encourage healthy competition. Village-level solarisation projects were also directed to be developed so that rural load-shedding could be reduced and pressure on the national grid could be eased. The meeting was informed that 100% recovery had been achieved during fiscal year 2025–26 by IESCO, LESCO, GEPCO, FESCO and MEPCO. Clear performance indicators and time-bound targets are also expected to be introduced as part of the government’s power-sector reforms.

Post Views: 59

Share on:

Up Next

Pakistan Petroleum Sales Jump 23%

Don't Miss

Sindh Barrage Flows Improve

Click to comment

Local Affairs

August Inflation Hits 11.15%, Rising From 9.2% in July

Pakistan’s annual consumer price inflation surged to 11.15% in August 2026, up from 9.2% in July, according to the Pakistan Bureau of Statistics. Urban inflation accelerated to 10.4%, while rural inflation remained above both the national and urban rates. On a month-on-month basis, urban prices increased by 0.9%, signaling stronger inflationary pressure across the country.

Post Views: 6

Share on:

Local Affairs

PM Shehbaz Arrives in Bishkek

Prime Minister Shehbaz Sharif has arrived in Bishkek for the SCO Council of Heads of State meeting and SCO Plus Summit. During his three-day official visit to Kyrgyzstan, Pakistan will assume the chairmanship of the SCO Council of Heads of State for 2026–2027. The prime minister will also hold bilateral meetings with participating leaders and is accompanied by senior cabinet members and government officials.

Post Views: 11

Share on:

Local Affairs

Engro to Sell EPCL Stake for Rs19.7bn

Engro Corporation Limited has signed a share purchase agreement with Lotte Chemical Pakistan Limited to sell its entire 56.19% stake in Engro Polymer & Chemicals Limited. The transaction is valued at approximately Rs19.7 billion, equivalent to around $70.95 million. The agreement follows Engro’s 2025 restructuring, which established Engro Holdings as the conglomerate’s investment arm.

Post Views: 8

Share on: