ISLAMABAD:Government has decided to install smart meters in all Power Distribution Companies (DISCOs) with the help of loans of billion dollars from multilateral financial institutions.

According to press release issued by government a meeting was held under federal minister for economic affairs and establishment division Ahad Cheema regarding DISCOs.

Development programs of DISCOs were reviewed in the meeting and participants exchanged views on the efforts of economic affairs division regarding arrangements for funds for installation of smart meters on transformers of all DISCOs.

It was told in the meeting government has decided to install smart meters in all DISCOs across the country out of loans from multilateral financial institutions.

Government will hold talks with world bank and Asian Development Bank (ADB) in this regard.