Lesco Faces Rs. 35.17 Billion Loss Due To Power Theft

In a recent development, the Lahore Electric Supply Company (LESCO) is reportedly facing a staggering financial loss of approximately Rs. 35.17 billion due to nearly one billion units of electricity disappearing from its distribution and transmission network over the past fiscal year. The National Electric Power Regulatory Authority (NEPRA) has highlighted that LESCO failed to meet its regulatory targets for reducing system losses, attributing the issue to rampant power theft and an outdated transmission infrastructure. Despite ongoing enforcement measures, including daily raids and thousands of arrests, the utility's efforts have largely been ineffective in curbing the financial losses, which continue to contribute significantly to the country's escalating circular debt (ProPakistani).