Loading latest headlines...

Audit Report Flags Major Financial Irregularities in Power Company

No more free electricity units for officers

FAISALABAD: Pakistan’s Auditor General has identified significant financial irregularities in the Faisalabad Electric Supply Company (FESCO), including billions of rupees in unrecovered dues, alleged overbilling, and procurement violations.

According to audit reports covering the period from 2022-23 to 2025, FESCO failed to recover Rs82 billion from energy defaulters and Rs800 million in deferred payments.

The audit also found that the Advanced Metering Infrastructure (AMI) project was not implemented as planned, while procurement irregularities amounting to Rs670 million were detected.

The report alleged that FESCO collected more than Rs240 million through unnecessary charges and overbilling, including Rs180 million linked to negative figure billing. Government institutions were also reportedly overbilled by Rs34.8 million.

In addition, the audit highlighted irregularities exceeding Rs90 million related to meter rental and other revenue charges, as well as more than Rs360 million in unit adjustment discrepancies.

Despite being regarded as one of Pakistan’s better-performing electricity distribution companies, the audit raised serious concerns over FESCO’s financial management and regulatory compliance.

Latest Edition
Read Now

Click to read the latest edition

Latest News