PM Unveils Ambitious Plan to Attract Top Investors for Discos' Privatization

In a bid to transform the country's power distribution landscape, Prime Minister Shehbaz Sharif has initiated a comprehensive strategy to attract world-class investors for the privatization of power distribution companies (Discos). The premier recently chaired a review meeting to discuss the progress of the privatization process and the institutional restructuring of the Privatisation Commission. The meeting highlighted the successful roadshows conducted in Pakistan and abroad, which have garnered significant interest from potential investors. The prime minister emphasized the need to complete the privatization process within the stipulated timeframe, ensuring maximum value and adherence to international best practices. He also directed the recruitment of internationally qualified experts to strengthen the Privatisation Commission's workforce and enhance its institutional capacity. The privatization of Discos, including GEPCO, FESCO, and IESCO, is expected to yield substantial benefits for consumers and the economy as a whole. The prime minister has instructed the relevant authorities to prioritize consumer interests and establish an effective mechanism for addressing consumer complaints in the privatized entities.