PM Shehbaz Calls for Faster and Broader Privatisation of Power Distribution Companies
June 2026 | By Azad News
Prime Minister Shehbaz Sharif has directed authorities to accelerate the privatisation process of electricity distribution companies (Discos) while ensuring transparency and accountability throughout the process.
Chairing a high-level meeting on Tuesday, the prime minister emphasized that reforming loss-making state-owned enterprises remains a key priority of the government’s economic agenda.
He instructed relevant departments to expand the scope of the privatisation programme and complete ongoing transactions without unnecessary delays.
The meeting was informed that the first phase of the plan includes the privatisation of Islamabad Electric Supply Company (IESCO), Gujranwala Electric Power Company (GEPCO), and Faisalabad Electric Supply Company (FESCO).
Officials briefed the prime minister on progress made so far, including the approval of the transaction structure and the invitation of expressions of interest from local and international investors.
According to the briefing, investor roadshows are expected to take place during the current month to attract participation from domestic and foreign investors, including those from Saudi Arabia, Turkiye and China.
Prime Minister Shehbaz also stressed the importance of establishing a strong regulatory framework to ensure efficient service delivery and consumer protection after the transfer of management to private operators.
The three distribution companies included in the first phase collectively provide electricity services to more than 14 million consumers across major industrial, commercial and urban regions.
Under the proposed transaction model, investors may acquire majority ownership stakes along with management control, depending on the final terms of each deal.
Conclusion
The government’s latest push reflects its broader strategy to improve efficiency, reduce financial losses and attract private investment into Pakistan’s energy sector through a transparent privatisation process.
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