MEPCO turns profitable after two years, posts Rs1.05 Billion Profit: Power Division

ISLAMABAD: Pakistan’s Ministry of Energy (Power Division) has announced that the Multan Electric Power Company (MEPCO) has successfully turned around its financial performance, moving from a loss-making utility to a profitable company.

According to the Power Division spokesperson, MEPCO has recovered from a Rs36 billion loss over the past two years and has now recorded a profit of Rs1.05 billion, marking a financial turnaround of more than Rs37 billion.

The spokesperson credited the achievement to the leadership of Federal Minister for Power Sardar Awais Ahmad Khan Leghari, under whose guidance the company implemented extensive reforms and strengthened financial management.

MEPCO also significantly reduced its line losses from 15.2% to 11.9%, while its recovery rate improved from 98.6% to 100.8%.

The Power Division said the company’s improved financial performance was driven by effective billing, strict measures against electricity theft, operational reforms, and the adoption of modern technology.

According to the spokesperson, MEPCO’s success reflects the impact of comprehensive reforms, effective monitoring, automation, and an independent Board of Directors, which played a key role in improving governance and operational efficiency.

The Power Division described MEPCO’s turnaround as a model reform initiative, adding that the same governance framework—based on independent decision-making, transparency, and technology-driven oversight—is also being implemented across other electricity distribution companies (DISCOs) in Pakistan.