MEPCO posts Rs1.05bn profit in 2025-26, reverses Rs36bn loss

The Multan Electric Power Company (MEPCO) has posted a profit of Rs1.05 billion in 2025-26 after recording a loss of Rs36 billion in 2023-24. As per the Ministry of Energy (Power Division), the turnaround of one of Pakistan’s largest and most difficult power distribution companies was done under the leadership of Federal Minister for Power Sardar Awais Ahmed Khan Leghari. The recovery was gradual and sustained rather than a one-off correction, added the ministry. “Line losses reduced from 15.2% to 11.9% over the same period, while recovery improved from 98.6% to 100.8% — figures that reflect tighter billing, reduced theft, and stronger consumer confidence.” READ MORE: Nepra approves Rs35.514bn 4-year ‘DIP’ for MEPCO The press release said that the turnaround was attributed to a deliberate set of reforms. These included appointment of an independent Board of Directors insulated from day-to-day interference, consistent policy guidance and performance monitoring from the ministry, automation and meterization of the network, and a renewed focus on consumer service. The approach marks a shift from ad hoc intervention to structural, governance-led reform across the DISCOs, it added. “MEPCO’s result is a template rather than an exception, and that the same combination of independent governance, transparency, and technology-led monitoring is being extended across other distribution companies as part of a wider effort to end circular debt and put the power sector on a sustainable path of growth.” MEPCO is one of ten power Distribution Companies (Discos) in Pakistan, operating under the administrative oversight of the Ministry of Energy (Power Division). It serves 13 districts in South Punjab. The company’s affairs are governed by the Companies Act 2017 and the Public Sector Companies (Corporate Governance) Rules, 2013, through a Board of Directors nominated by the Government of Pakistan.