Prime Minister Shehbaz Sharif on Tuesday directed relevant authorities to accelerate the privatisation process of electricity distribution companies (DISCOs), reiterating that the divestment of loss-making State-Owned Enterprises (SOEs) remains a key government priority.
Chairing a high-level review meeting in Islamabad, Prime Minister Sharif instructed officials to ensure complete transparency throughout the privatisation process and establish a robust regulatory framework immediately following the transition of the DISCOs to the private sector.
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During a briefing on the progress of the privatisation programme, officials informed the meeting that the first phase would involve the privatisation of the Islamabad Electric Supply Company (IESCO), Gujranwala Electric Power Company (GEPCO), and Faisalabad Electric Supply Company (FESCO).
The meeting was told that Expressions of Interest (EOIs) for the three power distribution companies have already been published in national and international newspapers.
