Pakistan, March 9 -- The All Pakistan Business Forum (APBF) has said that the power sector has been suffering Rs158 billion losses due to inefficiency and theft despite constant tariff hikes through annual and quarterly adjustments, and fuel cost adjustments, escalating cost of production for the industry.

The APBF President Syed Maaz Mahmood, referring to the data of the Ministry of Energy, observed that distribution companies caused Rs106 billion in losses in the first half of the fiscal year due to inefficiency while more than half of the Rs158 billion losses were caused by just two power distribution companies HESCO and SEPCO.

Syed Maaz Mahmood said that the cumulative losses due to under-recoveries and inefficiency amounted to Rs15...