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Sharif Orders Fast-Track of Power Privatization as Grid Projects Advance

The push responds to heavy losses alongside persistent circular debt.

Overview

  • Expressions of interest for privatising IESCO, FESCO and GEPCO will be invited soon, officials told a power‑sector review chaired by the prime minister.
  • Concept clearance for a Battery Energy Storage System has been approved, with a feasibility study underway and implementation planned through public–private partnerships.
  • The 500 kV Ghazi BarothaFaisalabad transmission line is at the PC‑I approval stage as the government prioritises projects to strengthen long‑distance power flow.
  • Technical feasibility to convert imported‑coal plants to locally mined Thar coal has been completed, and construction of a railway link to move the fuel is in progress.
  • Government documents cite about Rs171 billion in first‑quarter losses at distribution companies and circular debt near Rs1.66 trillion in mid‑2025, while officials reported an August generation rise of 8% and lower line losses year on year.