Reforms, amendments to ensure industrial production: Dawood

Power theft costs over Rs 45b: NEPRA

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Power theft costs over Rs 45b: NEPRA
our correspondent
ISLAMABAD
Prime Minister s Advisor for Commerce, Textile, Industry and Production, Abdul Razak Dawood has said tariff structure is being rationalized and streamlined to ensure country s industrial production. During a meeting with industrialists from Punjab in Lahore on Saturday, he said efforts are also being put in place to ensure the competitiveness of Pakistani products.
Abdul Razak Dawood said China had committed to importing Pakistani goods up to one billion US dollars, for which sugar and rice export targets had been completed while the yarn is being exported to China. He said China is also relocating its industrial units to Pakistan. The meeting also discussed various matters pertaining to Allama Iqbal Industrial City Faisalabad, Quaid-i-Azam Apparel Park Sheikhupura, Sundar Industrial Estate, and establishment of Expo Centre in Faisalabad.
He stated this here in a meeting with Punjab industries and all other related departments to have updates on the measures taken by the provincial government regarding the promotion of investment and industry. He along with Provincial Minister for Industry, Trade, and Investment Mian Aslam Iqbal co-chaired the meeting.
Moreover, the national exchequer has borne a huge financial loss of more than Rs45 billion due to electricity theft and other damages during the fiscal year of 2017-18, National Electric Power Regulatory Authority (NEPRA) said on Saturday in a report. The report released by the power regulatory authority regarding details of electricity supply companies of the country estimated the financial loss to the sector up to Rs45 billion.
It stated that the electricity supply companies were failed to retrieve its due of Rs78 billion. The authority admitted in its report that unannounced load-shedding is being continued by different supply companies and the higher authorities are being provided with wrong statistics regarding the issue.
152 dangerous accidents were reported during repair and maintenance works, whereas, Peshawar Electric Supply Company (PESCO), Sukkur Electric Supply Company (SEPCO), Hyderabad Electric Supply Company (HESCO) and Karachi Electric Supply Company (KESCO) failed to make any progress in their performance during the last year, the report said.
According to NEPRA authorities, the performance of PESCO, LESCO, FESCO, KESCO, and K-Electric termed better in term of providing new connections to the consumers. The statistics indicated the rate of financial loss under power distribution and supplies to its lowest up to 20.4 percent. It was also stated that the fault rate of PESCO, KESCO, and K-Electric was better as compared to other suppliers besides significant reduction in the duration of power shedding in Karachi.

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