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IESCO wants the government to pay billions in overdue electricity bills

The Islamabad Electric Supply Company (IESCO) has made progress towards addressing its recovery shortcoming

The Islamabad Electric Supply Company (IESCO) has taken action to address its recovery shortfall. To government and semi-government organisations with past-due power bills totaling Rs. 115.86 billion, the corporation has given final reminders for payment.

With a debt of over Rs. 105.335 billion, the Azad Jammu and Kashmir (AJK) government has drawn significant attention. According to IESCO, a department that doesn’t pay on time will have their supplies stopped.

The International Monetary Fund’s (IMF) calls for improved distribution firm performance, particularly in terms of collections, as well as the implementation of governance and institutional changes in distribution businesses served as a contributing factor to IESCO’s decision (DISCOs).

The firm has offered a comprehensive study of the past-due money owing by government and semi-governmental agencies. The Cantt Board Chaklala owes Rs. 896 million, followed by the Pak Secretariat c/o CDA at Rs. 689 million, the Cabinet Secretariat c/o CDA at Rs. 79 million, and the Defense/MES (Military Engineer Services) at Rs. 3.211 billion. The Capital Development Authority (CDA) is next with Rs. 2.88 billion in debt.

Other organisations with unpaid invoices include the Water and Sanitation Agency (WASA), Defense Production Division, federal police, and various Tehsil Municipal Administrations (TMAs). Together with numerous other government agencies, the list also includes the Holy Family Hospital in Rawalpindi, the National Highways Authority (NHA), and the Punjab Health and Welfare Department.

Written by Aly Bukshi

The editorial staff at IPIN is a team of news publishing experts led by Aly Bakshi. We publish interesting and informative news/articles all over the world. Our aim is to provide readers with the latest and most up-to-date information possible.