Prime Minister Directs Faster Privatization of Power Distribution Companies

ISLAMABAD, June 9: Prime Minister Shehbaz Sharif has instructed authorities to accelerate the privatization process of Pakistan’s electricity distribution companies as part of broader efforts to reform state-owned enterprises and improve efficiency in the power sector.

Chairing a review meeting on the privatization of power distribution companies (DISCOs), the prime minister emphasized that the privatization of loss-making public sector entities remains a key government priority. He stressed that the entire process must be conducted with transparency and in accordance with established regulations.

The prime minister also called for the development of a strong regulatory framework to ensure effective oversight and service delivery after the privatization of the distribution companies.

During the meeting, officials briefed participants on the progress made so far. Under the first phase of the privatization program, the government plans to privatize three major distribution companies: the Islamabad Electric Supply Company (IESCO), the Gujranwala Electric Power Company (GEPCO), and the Faisalabad Electric Supply Company (FESCO).

Officials informed the meeting that Expressions of Interest (EOIs) for the three companies have already been published in national and international newspapers to attract potential investors.

The Cabinet Committee on Privatization has also approved the transaction structure for the planned privatization of these distribution companies, paving the way for the next stages of the process.

According to the briefing, investment roadshows are being organized this month to engage prospective investors. International outreach efforts are also underway, with promotional events targeting investors from Saudi Arabia, Türkiye, and China.

The government expects the privatization initiative to improve operational performance, reduce financial losses, and attract private-sector investment into Pakistan’s energy sector.