Islamabad : The 235th meeting of the Privatisation Commission (PC) Board was convened at the Privatisation Commission Headquarters under the chairmanship of Mr. Muhammad Ali, Adviser to the Prime Minister on Privatisation and Chairman of the Privatisation Commission.
During the meeting, the Board granted formal approval to initiate the process for the appointment of Financial Advisers (FAs) for enhancing private sector participation in the following power sector entities:
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
The Board also reviewed and approved the audited financial statements of the Privatisation Commission for the fiscal years 2022–23 and 2023–24.
In addition, the Board approved the budget estimates of the Privatisation Commission for the financial year 2025–26, supporting its continued institutional operations and transactional progress.
The Board was further apprised of the latest developments in ongoing transactions, including:
Pakistan International Airlines Corporation Limited (PIACL)
Roosevelt Hotel (New York)
Three power distribution companies: Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO), and Islamabad Electric Supply Company (IESCO)
The Privatisation Commission reaffirmed its commitment to ensuring transparency, investor confidence, and efficient execution of strategic transactions in alignment with national economic goals.
Sohail Majeed is a Special Correspondent at The Diplomatic Insight. He has twelve plus years of experience in journalism & reporting. He covers International Affairs, Diplomacy, UN, Sports, Climate Change, Economy, Technology, and Health.
