Key privatization steps approved for DISCOs, Roosevelt Hotel

April 15, 2026 (MLN):  The Privatization Commission Board has approved key recommendations for submission to the Cabinet Committee on Privatization regarding the planned privatization of the first batch of power distribution companies Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO), and Islamabad Electric Supply Company (IESCO) clearing a major step toward inviting Expressions of Interest (EOIs) from prospective investors.

The Board meeting was chaired by Muhammad Ali, Adviser to the Prime Minister on Privatization, and focused on advancing the government’s privatization programme in a structured and transparent manner, APP reported.

The Board approved the proposed transaction structure, pre-qualification criteria, and restructuring frameworks for each of the three DISCOs.

These approvals are aimed at attracting credible private sector participation and improving efficiency in the power distribution sector.

It also reviewed proposed post-privatization reforms designed to ensure commercial sustainability, regulatory predictability, and improved service delivery across the sector.

In a separate development, the Board approved a consortium led by Citibank as the top-ranked bidder for appointment as Financial Adviser for the privatization of the Roosevelt Hotel. A negotiation committee has also been formed to finalize the Financial Advisory Services Agreement (FASA) with the selected consortium.

The Board reiterated its commitment to executing the privatization agenda in an efficient, transparent, and results-oriented manner, focusing on timely completion of key transactions.

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