Faisalabad Electric Supply Company (FESCO) has launched a new facility to enable consumers to pay their electricity bills through “Raast QR Code System” developed in collaboration with Punjab Information Technology Company (PITC) and Bank Alfalah.
The code system was formally launched during a ceremony at FESCO headquarters where FESCO Chief Executive Officer (CEO) Engineer Muhammad Aamir signed an agreement with Bank Alfalah officials for the use of Raast QR technology in bill payments.
Speaking on the occasion, FESCO Chief Engineer Muhammad Aamir said that consumers would now pay their electricity bills simply by scanning Raast-provided QR code printed on each bill. This service allows instant and secure transactions through any mobile banking application integrated with Raast network, he added.
He explained that new system would remain available until bill’s due date and provided a faster, more reliable and digital mode of payment. The system would reduce the need to visit banks or payment centers and eliminate long queues, he added. Engineer Aamir said the service was part of FESCO’s broader digital transformation strategy with a focus on transparency, convenience and improvement in customer service. He thanked the PITC, Bank Alfalah and State Bank of Pakistan (SBP) for their cooperation and termed the initiative as a significant step for promoting a cashless economy in line with government’s vision for digital financial inclusion. Branch Manager Corporate and Investment Banking at Bank Alfalah Muhammad Shoaib expressed satisfaction over the agreement and termed it an important move which would make bill payments easier and more efficient for FESCO consumers. Chief Financial Officer FESCO Nazeer Ahmad, Chief Law Officer Taimoor Mateen Khan, Company Secretary Muzaffar Abbas, Staff Officer Abid Rashid, Director MIS FESCO Faisal Shahzad, senior officers and representatives of Bank Alfalah were also present in the meeting.