DISCOs Post Rs171B Loss in Q1 FY26, Down Rs68B YoY

ISLAMABAD: Government-owned DISCOs bled Rs171 billion in the first quarter of FY26 (Jul–Sep 2025), torched by rampant theft, gross inefficiency, and pathetic bill recoveries, per official documents.

Of the bloodbath, Rs87 billion vanished to theft and operational rot, Rs84 billion evaporated from uncollected bills. Yet the carnage is Rs68 billion lighter than the Rs239 billion massacre in Q1 FY25 (Rs113B theft/inefficiency + Rs126B poor recovery).

Power Division admits losses rage on, but YoY decline offers faint hope. Full FY25 closed at Rs397 billion hemorrhaging — Rs194 billion better than FY24’s Rs591 billion.

The endless red ink, fueled by under-recoveries, keeps pumping poison into Pakistan’s circular debt monster, one of government’s fiercest fiscal demons.