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Faisalabad Electric Supply Company (FESCO) is a state-owned electric distribution company that supplies electricity to the districts of Faisalabad, Sargodha, Mianwali, Khushab, Jhang, Bhakkar, Toba Tek Singh, and Chiniot in Pakistan.
Distribution companies (DISCOs) are companies under Pakistan Electric Power Company (PEPCO) responsible for distribution of electricity in their respective allocated areas. . They buy electricity from producers such as Water and Power Development Authority (WAPDA), GENCOs, PAEC and other private Independent Power Producers (IPPs) and sell it to their respective area custome
As of 2016 on average, more than 80% of Pakistan's population had access to electricity. [1] Following 2022 dearth of imported LNG in Pakistan, the country indicated it would quadruple its coal power plants, which use domestic coal. [2] The inevitable outcome has occurred: the swift depreciation of the rupee has diminished business confidence.
Lahore Electric Supply Company (LESCO) (Urdu: لاہور الیکٹرک سپلائی کمپنی) is a Pakistani government-owned electric distribution company. It is based in Lahore, Punjab, Pakistan. The company was founded in 1912 by Lala Harkishen Lal. [1]
Faisalabad, the third most populated metropolis in Pakistan after Karachi and Lahore [65] is an epicentre for trade that has gained popularity for its colonial heritage sites. [66] In 1982, the Government of Punjab established the Faisalabad Arts Council , a division of the Punjab Arts Council which is overseen administratively by the ...
In February 2023, Pakistani cabinet approved 'Finance Supplementary Bill 2023' for Mini Budget. [4] The budget for FY 2022-23 aimed to raise Rs. 7 trillion ($34.6 billion) in tax revenue, raise Rs. 372 billion ($1.8 billion) from Sukuk and Eurobonds , target a primary surplus of 0.2% of GDP, target a fiscal deficit of 49% of GDP and meet IMF ...
Pakistan and its two largest city economies. Source: [1] As of 2019, Lahore had an estimated GDP of $84 billion. [2] [3] As of 2008, the city's gross domestic product (GDP) by purchasing power parity (PPP) was estimated at $40 billion (projected to be $102 billion by the year 2025, with a slightly higher growth rate of 5.6% per annum, as compared to Karachi's 5.5%).
The Pakistan Economic Survey is an annual report on the performance of the economy, focusing in particular on major macroeconomic indicators. Finance Minister Shaukat Tarin briefed on 10 June 2021, the Pakistan Economic Survey 2020-21 at a press conference in Islamabad on Thursday, revealing that the industrial and services sectors had helped the economy rebound and post GDP growth of 3.94 per ...