Privatization Commission approves new steps for strategic power sector transactions in Pakistan
Board gives green light to appoint financial advisers for key DISCOs and GENCOs' privatization
Business Desk
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Pakistan's Privatization Commission Board on Wednesday approved several key measures to accelerate strategic transactions in Pakistan’s power sector, including the initiation of financial adviser appointments for both distribution and generation companies.
The Board meeting was held at the Privatization Commission headquarters in Islamabad under the chairmanship of Muhammad Ali, adviser to the prime minister on privatization.
In a significant move, the Board formally approved the start of the financial adviser appointment process to attract private sector investment in four distribution companies — Hyderabad Electric Supply Company (HESCO), Sukkur Electric Power Company (SEPCO), Peshawar Electric Supply Company (PESCO), and Hazara Electric Supply Company (HAZECO) — as well as two generation companies: the 747 MW Guddu Power Plant and the 525 MW Nandipur Power Plant.
The Board also reviewed and approved audited financial statements for fiscal years 2022–23 and 2023–24, along with budget estimates for FY2025–26 to support institutional operations and transactional execution.
Additionally, members were briefed on the latest developments in major ongoing transactions, including those related to Pakistan International Airlines Corporation Limited (PIACL), the Roosevelt Hotel in New York, and three other distribution companies — FESCO, GEPCO, and IESCO.
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