Overview
- Prime Minister Shehbaz Sharif directed officials to accelerate the privatisation process in a high-level review meeting held on Tuesday, June 9, and ordered full transparency at every stage.
- Expressions of interest for Islamabad Electric Supply Company (IESCO), Gujranwala Electric Power Company (GEPCO) and Faisalabad Electric Supply Company (FESCO) have been published and the Cabinet Committee on Privatisation approved the transaction structure.
- The government is launching domestic and international roadshows this month to attract bidders with targeted sessions for investors in Saudi Arabia, Türkiye and China.
- Officials say the three DISCOs serve more than 14 million customers and that buyers may be offered majority stakes, including options between 51 percent and full ownership with management control.
- The sale is presented as a move to cut fiscal losses and improve service delivery by shifting management to private investors while officials develop a robust post-sale regulatory framework to protect consumers.