**LAHORE:** The Lahore Electric Supply Company (LESCO) has reduced its NEPRA-related financial gap from **Rs79 billion to around Rs21 billion** over the past two years, generating cumulative savings of more than **Rs58 billion** for the national exchequer.
According to a statement issued by the Power Division on Friday, LESCO also achieved a **recovery rate of 101.05%**, surpassing the National Electric Power Regulatory Authority’s (NEPRA) regulatory benchmark of 100% for the first time in the company’s history.
The utility further recorded a significant decline in distribution losses, bringing them down from **15.8% to 11.86%**. The nearly four-percentage-point reduction represents the **largest two-year decline in distribution losses ever achieved by a power distribution company (DISCO) in Pakistan**, the statement said.
Federal Minister for Power **Sardar Awais Ahmed Khan Leghari** said LESCO’s performance demonstrates the effectiveness of sustained, data-driven oversight and institutional reforms.
“LESCO’s results confirm that empowered management, consistent oversight, and depoliticised governance can materially improve the financial health of Pakistan’s power sector, easing the burden of circular debt and strengthening the case for similar reforms across other DISCOs,” the minister said.
