IESCO achieves 100pc of its targets

According to Business Recorder, the Islamabad Electric Supply Company (IESCO) has met every target set by Prime Minister Shehbaz Sharif and Federal Energy Minister Sardar Awais Ahmad Khan Leghari. The utility says its performance across key operational and financial measures in FY2024-25 and FY2025-26 has placed it among the best power distribution companies in Pakistan.

The chairman, Dr Tahir Masood, and chief executive, Engineer Choudhry Khalid Mahmood, said line losses dropped from 8.75 percent to 7.6 percent over the last two fiscal years, the lowest level in the company's history. IESCO also added more than Rs6.5 billion in extra revenue for the national exchequer and reported a stronger financial position. Leadership credited government strategy and support from the Ministry of Energy (Power Division), and pledged to sustain the gains.