WASA settles debts after historic bailout
The Water and Sanitation Authority (WASA) has started clearing its long-standing dues to the government agencies after approval of Rs3.57 billion worth bailout package by the Punjab government.
For the first time in its 28-year history, WASA Rawalpindi has received a bailout package to rescue it from a severe financial crisis and make it financially stable. This financial support will enable WASA to pay off long-standing dues owed to IESCO and CDA for the past 16 years.
WASA, now upgraded to the WASA Authority, had repeatedly requested one-time bailout package from previous Punjab governments to address its financial difficulties. However, none of the past administrations approved such assistance.
This time, WASA Rawalpindi, through the support of Punjab Senior Minister Marriyum Aurangzeb, requested the bailout package, which was approved by Chief Minister Maryam Nawaz. As a result, Rs3.57b in funds were released to WASA.
With this funding, WASA has cleared Rs1.98b in outstanding dues to IESCO, completely settling its liabilities. Additionally, the process has begun to clear Rs1.59b in pending payments to the Capital Development Authority (CDA) related to maintenance charges and cost-sharing for the Khanpur Dam Water Supply Project. These payments are expected to be completed within this week.
Managing Director of WASA Rawalpindi, Muhammad Saleem Ashraf, says by June 2025, WASA will be free from all legacy liabilities for the first time since its inception. This milestone will position WASA to achieve a significantly improved financial standing in the upcoming fiscal year 202526 through increased collection of water supply and sewerage charges, the issuance of new water connections, and recovery of outstanding dues from consumers amounting to millions of rupees, he adds.
The MD further notes that WASA is currently providing water supply and sewerage services to citizens at subsidised rates. In addition, it is working on projects to secure additional water from Rawal Dam and Khanpur Dam, along with ongoing projects at Chahan Dam and Daducha Dam.
The completion of these new water supply projects and the upgrading of existing infrastructure will enable WASA to meet the water needs of Rawalpindi's residents more effectively, the MD says.
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