PM Shehbaz directs authorities to speed up DISCO privatisation

June 09, 2026 (MLN): Prime Minister Shehbaz Sharif has directed authorities to accelerate the privatization of electricity distribution companies (DISCOs).

He reiterated that offloading loss-making state-owned enterprises remains a government priority.

He instructed officials to ensure complete transparency throughout the process and establish a robust regulatory framework immediately following the transition of DISCOs to the private sector, APP reported.

The directives came during a high-level review meeting attended by Deputy Prime Minister and Foreign Minister Ishaq Dar, federal ministers Azam Nazeer Tarar, Ahad Khan Cheema, Muhammad Aurangzeb, and Sardar Awais Leghari, Adviser to the Prime Minister Muhammad Ali, Minister of State Bilal Azhar Kayani, and senior government officials.

In the first phase, the Islamabad Electric Supply Company (IESCO), Gujranwala Electric Power Company (GEPCO), and Faisalabad Electric Supply Company (FESCO) are slated for privatisation, with Expressions of Interest (EOI) already published in national and international newspapers.

 The Cabinet Committee on Privatization has approved the transaction structure for all three DISCOs.

International roadshows are being organized starting this month to attract investors from Saudi Arabia, Turkiye, and China.

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