Finance Minister, Senator Ishaq Dar Monday emphasised the need for maximising electricity recoveries against billed amounts for the financial viability and improvement of distribution companies. The Minister was chairing 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 minister appreciated the steps taken by the Ministry and Distribution Companies (DISCOs) for enhancing the recoveries.
Dar said that the energy sector was among the top priority areas of the government and all possible support would continue to be provided wherever required. Earlier, 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 briefed the Minister on the financial requirements of the power sector during the last quarter of the current financial year.
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