The Multan Electric Power Company (MEPCO) has returned to profitability after posting a Rs 1.05 billion profit, marking a financial turnaround of more than Rs 37 billion over the past two years, according to the Power Division.
The division said MEPCO had moved from a Rs 36 billion loss to profit under reforms introduced during the tenure of Federal Minister for Power Sardar Awais Ahmad Khan Leghari.
It said the company’s line losses fell from 15.2 percent to 11.9 percent, while its recovery rate improved from 98.6 percent to 100.8 percent.
The Power Division attributed the improvement to better billing, stronger action against electricity theft, and broader sector reforms that significantly improved the company’s financial performance.
It added that the turnaround was supported by an independent board of directors, stronger oversight, greater automation, and increased use of technology in monitoring operations.
The ministry described MEPCO’s recovery as a model for reforms in Pakistan’s power distribution sector, saying similar governance, transparency, and technology-driven measures are being implemented across other electricity distribution companies.
