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Aftab Maken
ISLAMABAD: The Privatisation Commission Board has approved a series of strategic decisions aimed at expanding private sector involvement in Pakistan’s power sector.
The decisions were taken during the 235th meeting of the Privatisation Commission (PC) Board held on Wednesday, June 18, at the PC Headquarters in Islamabad. The session was chaired by Muhammad Ali, Adviser to the Prime Minister on Privatisation and Chairman of the Commission.
In line with the government’s economic revival strategy and trending public-private partnership models, the Board gave formal approval to begin the process for the appointment of Financial Advisers (FAs) for various power sector entities. These include:
Distribution Companies (DISCOs):
- Hyderabad Electric Supply Company (HESCO)
- Sukkur Electric Power Company (SEPCO)
- Peshawar Electric Supply Company (PESCO)
- Hazara Electric Supply Company (HAZECO)
Generation Companies (GENCOs):
- 747 MW Guddu Power Plant
- 525 MW Nandipur Power Plant
These developments come as Pakistan aims to stabilize its energy sector, reduce losses, and attract foreign direct investment — all of which are currently among the top searched economic trends in the country.
Moreover, the Board reviewed and approved the audited financial statements of the Privatisation Commission for the fiscal years 2022–23 and 2023–24. It also approved the budget estimates for the financial year 2025–26, paving the way for continued institutional operations and progress in key transactions.
The Board was also briefed on ongoing strategic transactions involving high-profile entities including:
- Pakistan International Airlines Corporation Limited (PIACL)
- Roosevelt Hotel in New York
- Three other power distribution companies — Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO), and Islamabad Electric Supply Company (IESCO)
In a statement, the Privatisation Commission reaffirmed its dedication to transparency, robust investor engagement, and efficient execution of reforms aligned with national economic goals. These moves are seen as crucial in light of Pakistan’s efforts to meet IMF benchmarks and promote economic digitization, both of which are among the most discussed policy topics online.
The decisions are expected to boost stock market sentiment, strengthen the rupee, and support Prime Minister Shehbaz Sharif’s reform agenda — all currently trending across digital platforms.
