Pakistan, Oct. 28 -- Minister for Power Awais Ahmed Khan Leghari told the Senate on Tuesday that annual losses of power distribution companies (DISCOs) had declined to Rs325 billion from Rs591 billion in 2024, while circular debt had fallen from Rs2.4 trillion to around Rs1.6 trillion over the past two and a half years. Replying to a calling attention notice moved by Abid Sher Ali, he said the government had refinanced Rs1.2 trillion of circular debt. Under the plan, the Rs3.23 per-unit debt servicing surcharge would be eliminated within four years, and the remaining circular debt would also be paid off, he added.

Awais Leghari said distribution companies' annual losses had declined to Rs360 billion last year and further to Rs325 billion...