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LESCO has raised the rates for new electricity connections to Rs63,450.

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5 months ago

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The LESCO administration has issued a statement stating that the demand notice charge for a three-phase meter has increased from Rs33,500 to Rs63,450.

The notification states that the increased costs will be implemented starting from July 1.

Procedure for applying for a new connection with LESCO

  1. To initiate the application procedure, please access the provided link (http://www.enc.com.pk/).
  2. When submitting a form, you must provide the following information:

Select one connection type from the following options: Domestic, Commercial, Industrial, Agriculture, Tubewell, Temporary, General Services, Residential Colonies, Street Light.

  1. Additionally, you will need to provide property information for the location where you intend to build the new energy connection.
  2. Once you have completed and uploaded all the necessary information and documents, proceed to submit the application form.
  3. Require a hard copy of the application form you have submitted.

Please ensure that all stated documents are attached to this application.

Further information: LESCO officials have ceased their strike following the guarantee from the FIA that there will be no raids related to overbilling.

  1. Forward or deliver this entire file (comprising of the application form and necessary papers) to the appropriate office.
  2. The LESCO demand notice will be issued once the provided documents and information have been verified.
  3. The next step is to make payment for the LESCO demand notice at the designated bank.
  4. Once the demand notice has been paid, a copy should be provided to the relevant authority for further processing.
  5. In this final stage, the relevant office will verify the payment made in response to the demand notice. Once the verification is complete, they will proceed to install the connection.

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Business

Irfan Siddiqui meets with the PM and informs him about the Senate performance of the parliamentary party.

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1 day ago

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The head of the Senate’s Foreign Affairs Standing Committee and the PML-N’s parliamentary leader paid Prime Minister Muhammad Shehbaz Sharif a visit in Islamabad.

Senator Irfan Siddiqui gave the Prime Minister an update on the Parliamentary Party’s Senate performance.

Additionally, Senator Irfan Siddiqui gave the Prime Minister an update on the Senate Standing Committee on Foreign Affairs’ performance.

He complimented the Prime Minister on his outstanding efforts to bring Pakistan’s economy back on track and meet its economic objectives.

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Business

SIFC Increases Direct Foreign Investment: Investment in the Energy Sector Rises by 120%

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The Special Investment Facilitation Council is intended to help Pakistan’s energy sector attract $585.6 million in direct foreign investment in 2024–2025. The amount invested at the same time previous year was $266.3 million.

This is a notable 120% rise, mostly due to investments in gas exploration, oil, and power. Such expansion indicates heightened investor confidence and emphasizes the development potential in important areas.

The State Bank reports that foreign investment in other vital industries has increased by 48% to $771 million.

This advancement is a blatant testament to SIFC’s efficient investment procedure and quick project execution.

The purpose of the Special Investment Facilitation Council is to establish Pakistan as an investment hub by aggressively promoting regional trade and investment in the energy sector and other critical industries.

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Business

Discos report losses of Rs239 billion.

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When compared to the same period last year, the data indicates that discos have decreased their losses in the first quarter of the current fiscal year.

The distribution businesses recorded losses of Rs239 billion in the first three months of the current fiscal year, a substantial decrease from the Rs308 billion losses sustained during the same period the previous year.

Additionally, the distribution businesses’ rate of recovery has improved. It has increased to 91% in the first quarter of this year from 84% in the same period last year, indicating success in revenue collection.

Regarding circular debt, the Power division observed a notable change. Last year, between July and October, the circular debt grew by Rs301 billion. Nonetheless, this year’s first four months saw a relatively modest increase in circular debt, totaling about Rs11 billion.

These enhancements show promising developments in the electricity sector’s financial health in Pakistan, where initiatives are being made to accelerate recovery rates and slow the expansion of circular debt.

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