PESHAWAR: Peshawar Electric Supply Company (Pesco) has reported a significant reduction of Rs22 billion in financial losses for the fiscal year 2024-25—marking the utility’s first major financial improvement in five years.
According to a company statement, this turnaround follows a series of bold reforms and strategic administrative actions implemented under the guidance of the newly appointed Board of Directors, led by Chairman Himayatullah Khan.
Pesco had been grappling with mounting financial losses, which surged from Rs42 billion in FY 2020-21 to Rs142 billion in FY 2023-24. However, by the end of FY 2024-25, losses were brought down to Rs122 billion.
Chairman Khan praised Pesco’s management and staff for their commitment, especially given the severe human resource constraints—operating with only 43% of the required workforce while serving over 4.5 million consumers.
The company also reported progress in reducing technical inefficiencies. Transmission and distribution (T\&D) losses were brought down to 36.81% from 37.99% last year, while Aggregate Technical and Commercial (AT\&C) losses fell to 41.62% from 42.81% during the same period.
Pesco’s leadership termed the progress a critical step toward financial sustainability and improved service delivery.
