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ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday directed that the privatisation of power distribution companies (DISCOs) be “accelerated”, reiterating that offloading loss-making state-owned enterprises (SOEs) was a priority for the government.
In a handout, the Prime Minister’s Office (PMO) said PM Shehbaz had presided over a high-level review meeting in Islamabad earlier in the day.
“The prime minister 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,” the handout said.
During the briefing, the meeting was informed that Islamabad Electric Supply Company (IESCO), Gujranwala Electric Power Company (GEPCO) and Faisalabad Electric Supply Company (FESCO) would be privatised in the first phase. Expressions of interest (EOIs) for the process had already been published in national and international newspapers, it added.
