PR No.253 Financial Matters About Power Sector Reviewed Islamabad: March 28, 2016

Finance Minister, Senator Mohammad Ishaq Dar here on Monday chaired a high level meeting to review financial matters related to the power sector, including recovery position of electricity bills from different categories of consumers.

The Secretary Water and Power briefed the meeting about the recovery process and the efforts made by the Ministry and the DISCOs for ensuring that the billed amounts are recovered in full, so as to further improve the financial position of the distribution companies. He said that improved finances will help the companies to ensure maximum supply of electricity to the consumers in the approaching summer season. He also briefed the Minister on the financial requirements of the power sector during the last quarter of the current financial year.

Finance Minister on the occasion emphasized the need for maximizing recoveries against billed amounts for the financial viability of distribution companies. He appreciated the steps taken by the Ministry & DISCOs for enhancing the recoveries. The Minister said that the energy sector is among the top priority areas of the present government and all possible support will continue to be provided wherever required.