ISLAMABAD: The government has halted the ongoing privatisation of House Building Finance Company Limited (HBFC) and reopened the process for the Roosevelt Hotel in New York, following a meeting of the Privatisation Commission Board chaired by the Adviser on Privatisation. Read More: HBFCL privatisation may start afresh Officials said the board reviewed key state-owned assets and decided […]
HESCO
Senate panel orders suspension of Jacobabad XEN
ISLAMABAD: A Senate committee has directed the Ministry of Energy to suspend the Executive Engineer (XEN) of Jacobabad, who is facing an inquiry over an electrocution incident, and to submit the inquiry report to the panel. The Senate Functional Committee on Problems of Less Developed Areas convened at the Parliament House on Thursday under the […]
Nepra fines Discos Rs110m for missed targets
Nepra fines Discos over poor performance, missed recovery goals, and rising electricity losses. The National Electric Power Regulatory Authority announced fines of more than Rs110 million against four distribution companies on Tuesday. The companies include Hesco, Qesco, Fesco, and Gepco. The regulator said these firms failed to meet performance targets such as reducing system losses […]
HESCO, SEPCO incurred Rs 60bn losses in a year, NA body told
The 10th meeting of the Standing Committee on Power Division was held here on Wednesday, under the chairmanship of Muhammad Idrees, MNA. The Committee confirmed the minutes of its previous meeting and expressed satisfaction with the comprehensive report on the implementation status of its earlier recommendations, said a press release. The NA panel deferred agenda […]
NEPRA slaps heavy fine on HESCO for unjust loadshedding
The National Electric Power Regulatory Authority (NEPRA) has fined Hyderabad Electric Supply Company (HESCO) millions of rupees. The penalty came after HESCO was found guilty of conducting loadshedding based on power losses. NEPRA stated that the company will now pay a fine of Rs100,000 daily starting from April 4, 2024. NEPRA’s decision followed a show-cause […]
NEPRA takes action against SEPCO, HESCO for inefficiency
NEPRA has imposed heavy fines on SEPCO and HESCO for failing to reduce power losses and improve recovery. The fines also cover violations of safety standards and improper earthing of electric poles. Together, the two state-owned distribution companies in Sindh have been fined over Rs 95 million. According to official orders, SEPCO was fined Rs […]
Sindh cabinet approves Rs 23.559 bln subsidy on wheat, acquisition of HESCO, SEPCO
The Sindh cabinet took some important decisions including approval of Rs 23.559 billion subsidy on wheat, acquisition of HESCOand SEPCO, ban on the hunting of migratory birds, regularization of IBA pass teachers, recruitment of 297 teachers appointed in 2012. The cabinet also approved the draft agreement with the federal government to run three health institutes […]