has made history

Peshawar Electric Supply Company (PESCO) has achieved a historic turnaround in its financial performance in the fiscal year 2024-25. Where losses were once common, the company is now slowly recovering. In this article, we will provide a detailed overview of PESCO’s financial reforms, technical improvements, and governance model – all with verified data.

PESCO’s financial status in 2023-2024

PESCO reported a net loss of PKR 88.7 billion for the financial year 2023-24, significantly lower than the earlier reported operating loss of Rs. 142 billion. The data was officially released during the company’s Annual General Meeting (AGM).

How much are the accumulated losses?

PESCO has already lost a total of PKR 665.2 billion. In addition, the company’s current liabilities exceed its assets by PKR 347.7 billion—indicating a dangerous situation.

Strong start to fiscal year 2024-25

PESCO has recorded an operating profit of PKR 2.4 billion in the first quarter (July-September) of the financial year 2024-25, compared to a loss of PKR 2.4 billion. 13.5 billion for the same time frame as the previous year. You are seeing the impact of developmental reforms.

Main causes of loss

2. Technical Losses

Transmission and distribution losses are high due to old wiring, faulty transformers, and outdated systems. In areas with high losses:

• Bannu – 73.86%
  
• Tank – 66.19%
  
• Karak – 65.24%
  
• Peshawar—They are the main cause of the overall decline in revenue.

Recovery Initiatives & Reforms

Improvement in the recovery ratio

• The recovery ratio in FY24 has reached 88.73%.
  
• T&D losses have decreased from 36.81% to 34.73%.
  
• Private consumer income has reached 91.69%.

3-Month Special Recovery Plan

In April 2025, the CUP Chief Secretary approved PESCO’s 3-month action plan:

• Feeder-wise recovery target
  
• Staff performance feedback link
  
• Digital meter installations speed up
  
• GIS mapping for asset tracking
  
• Public awareness and enforcement campaigns

Crackdown on illegal connections

PESCO took legal action.

• 40,123 illegal direct connections (links) were removed.
  
• 1,872 logons were arrested at the site.
  
• 32,739 ferries have been registered, of which 9,720 have already been allocated space.
  
• A fine of Rs 1.3 billion was imposed.

Technology Upgrade—A Step Towards Smart Grid

1. AMR meter installation

Advanced Meter Reading (AMR) meter installed:

• 62,294 connections have been made, replacing.
  
• Attention should be paid to industrial, commercial, and tube well connections.
  
• Recovery is made automatic and transparent.

2. ERP + GIS Systems

• Real-time data monitoring
  
• Inventory and asset management digitized
  
• Performance metrics are being tracked in real time.

Special measures for the industrial sector

• A 24-installment plan was made for industries whose supplies were cut off due to non-payment of bills.
  
• New industrial grids and distributed feeders are being established.
  
• The Chairman of the BOD held direct meetings with industry stakeholders.

Political and Administrative Coordination

1. Load-Shedding Based on Bill Payment

The KPK government and PESCO collaborate to introduce a new model:

“Where payment is completed, there will be uninterrupted supply.”

This has raised awareness among the public and increased voluntary bill payment.

2. Cooperation with law enforcement agencies

Protest-related grid station attacks in Hoek (316 in the summer of 2024) decreased sharply from May to July 2025—thanks to improved coordination between PESCO and law enforcement.

Hazara Electric Company (HAZECO) launched

• For the Hazara region, PESCO has established a new electric firm called HAZECO.
  
• This autonomous institution will serve the customers of the Surf Hazara Division.
  
• Became operational within 6 months—record time!

Public Service Despite Difficult Conditions

Despite the deteriorating law and order situation, PESCO field workers performed their duties with full responsibility. Additional support has been provided for safety, morale, and logistics.

PESCO Ki Overall Performance Summary (2024–2025)