Business

Power division recovers Rs107bln in nationwide crackdown on power theft

Published by
Staff Reporter

ISLAMABAD: The Power Division has recovered over Rs107 billion in a nationwide crackdown on power theft. This operation, initiated by the Pakistani government and supported by military measures, is yielding positive outcomes in efforts to stabilize the country’s economy.

Moreover, details reveal that more than Rs107 billion has been recovered from individuals involved in power theft, and over 83,000 electricity thieves have been arrested.

In August alone, institutions collected over one billion rupees from electricity thieves in Lahore, Gujranwala, Faisalabad, Multan, and Islamabad.

Earlier, on September 6, the then-caretaker federal government announced a nationwide crackdown to address electricity theft and reduce the escalating circular debt in the power sector.

The power minister noted that Pakistan’s ten distribution companies are facing an annual loss of Rs589 billion, primarily due to electricity theft and nonpayment of bills.

The surge in power bills has led to nationwide protests, with demonstrations from Karachi to Khyber, some of which have turned violent.

Staff Reporter

Recent Posts

PTA warns users against sharing unlawful online content

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) has issued a warning for mobile phone users against…

10 hours ago

Iranian President lauds Pakistan’s peace efforts during key meetings

ISLAMABAD: Iranian President Dr. Masoud Peshkeskian met President Asif Ali Zardari and Prime Minister Shehbaz…

11 hours ago

Govt approves reduced property tax rates, new income tax slabs for salaried class

ISLAMABAD: The government has approved a reduction in advance tax rates on property buyers and…

12 hours ago

CDF Asim Munir meets Iranian President, discusses regional situation following US-Iran talks

RAWALPINDI: Chief of Army Staff, Field Marshal Syed Asim Munir, met with Iranian President Masoud…

13 hours ago

Solar panels, batteries rates drop amid reduction in petrol price

LAHORE: Following the reduction of petroleum prices, solar panels and batteries witnessed a sharp fall…

13 hours ago

SBP announces two bank holidays

ISLAMABAD: State Bank of Pakistan (SBP) has declared a two-day public holiday for Ashura (9th &…

13 hours ago