Introduction
Pakistan is preparing for a major upgrade in its electricity system with the rollout of smart meters across the country. The initiative aims to modernize the power sector, reduce losses, and improve billing transparency.
According to Beyond Time News, this project is being seen as a key step toward building a more efficient and digital energy system.
Agreement Signed for 10 Million Smart Meters
The Ministry of Energy (Ministry of Energy Pakistan) has signed an agreement with the International Finance Corporation (IFC), a part of the World Bank Group, to support the rollout of smart meters.
Under this plan, IFC will act as a transaction advisor and help design a model for installing smart meters on around 10 million single-phase electricity connections.
Focus on Investment and Digital Transformation
The project will explore public-private partnerships to attract both local and international investors. The goal is to bring modern technology into the power distribution system and improve overall efficiency.
According to Beyond Time News, this initiative is part of Pakistan’s broader push toward digital transformation in the energy sector.
How Smart Meters Will Help
Smart meters will replace traditional electricity meters and allow real-time tracking of electricity usage. This will improve billing accuracy and reduce errors in manual readings.
They are also expected to help detect electricity theft, improve recovery rates, and give consumers better control over their energy usage.
Lower Costs and Wider Installation
The ministry has already managed to cut the cost of smart meters by around 40% through competitive bidding. This reduction is expected to ease financial pressure on both the government and consumers.
All new electricity connections will now be issued smart meters instead of old systems.
Upgrading the Existing Network
Authorities have also directed that all three-phase commercial and industrial meters be converted into smart meters within a set timeline.
According to Beyond Time News, faulty and outdated meters will also be replaced as part of a wider upgrade plan approved by the power regulator NEPRA.
Govt set to replace net metering system with net billing policy
Step Toward a Digital Power System
The smart meter project is part of a long-term strategy to modernize Pakistan’s electricity network. Officials say it will help reduce losses, improve transparency, and strengthen the financial health of the power sector.
Conclusion
According to Beyond Time News, the smart meter rollout marks an important step toward building a more modern and efficient power system in Pakistan.
The project is expected to improve service delivery, reduce energy waste, and bring long-term benefits to both the government and electricity consumers.
