PM Shehbaz directs comprehensive strategy for privatisation of power companies
At a glance
- PM Shehbaz Sharif has ordered a comprehensive strategy for the privatisation of state-owned power distribution companies (Discos).
- The first phase of privatisation includes GEPCO, FESCO, and IESCO, following investor roadshows in Pakistan and abroad.
- The Privatisation Commission has been directed to complete its restructuring within one month.
Story so far
Prime Minister Shehbaz Sharif has initiated a push to privatise state-owned power distribution companies (Discos), directing officials to create a comprehensive strategy to attract global investors. During a review meeting on August 5, 2026, he set a one-month deadline for the restructuring of the Privatisation Commission. The first phase of the privatisation drive targets the Gujranwala, Faisalabad, and Islamabad electric supply companies, with investor roadshows already conducted in Pakistan, Turkey, Saudi Arabia, and China. The prime minister has emphasised protecting consumer interests and ensuring transparency throughout the process.
Latest development
Prime Minister Shehbaz Sharif on Wednesday directed authorities to adopt a comprehensive strategy to attract international investors for the privatisation of state-owned power distribution companies (Discos) and to complete the restructuring of the Privatisation Commission within one month.
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