The Multan Electric Power Company (MEPCO) has successfully turned around its financial performance by converting a Rs36 billion loss into a Rs1.05 billion profit within two years, according to an announcement made by the Power Division on Wednesday.
The ministry said the improvement was driven by better governance, stricter financial management, higher operational efficiency, digital upgrades, and greater transparency during the tenure of Federal Minister for Power Sardar Awais Ahmad Khan Leghari.
MEPCO also made notable progress in its operational performance. Line losses dropped from 15.2 percent to 11.9 percent, while the recovery rate increased from 98.6 percent to 100.8 percent.
Officials said the company’s financial recovery reflects the government’s ongoing efforts to strengthen Pakistan’s electricity distribution companies (DISCOs) and improve the overall financial health of the power sector.
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They added that MEPCO’s progress is a significant achievement, showing that consistent reforms can bring meaningful financial and operational improvements across the country’s electricity distribution system.
As one of Pakistan’s largest power distribution companies serving millions of consumers in South Punjab, MEPCO has focused on curbing electricity theft, improving bill collection, reducing transmission and distribution losses, and introducing technology-based monitoring systems. These initiatives have played a major role in the company’s improved financial results.
The latest development comes as the Power Division continues implementing reforms across state-owned power utilities to cut circular debt, enhance efficiency, and strengthen corporate governance.