The DISCOs Privatisation in Pakistan process has been accelerated as Prime Minister Shehbaz Sharif called for expanding and speeding up the sale of electricity distribution companies. He emphasized that transparency must remain a core priority throughout the privatisation drive.
Chairing a high-level meeting on energy sector reforms, the prime minister stated that privatising loss-making state-owned enterprises is a key government objective. He directed officials to ensure the DISCOs Privatisation in Pakistan process moves forward without delays while maintaining clear regulatory oversight.
Officials briefed the prime minister on the ongoing privatisation roadmap, highlighting the first phase involving three major electricity distribution companies: Islamabad Electric Supply Company (IESCO), Gujranwala Electric Power Company (GEPCO), and Faisalabad Electric Power Company (FESCO). The DISCOs Privatisation in Pakistan plan is expected to attract both local and international investors.
The government has already invited expressions of interest for these companies, while the Cabinet Privatisation Committee has approved the transaction structure. Authorities are also preparing roadshows this month to promote the DISCOs Privatisation in Pakistan initiative to investors from countries including Saudi Arabia, Türkiye, and China.
According to officials, the selected distribution companies collectively serve more than 14 million consumers across Punjab, Islamabad, and Azad Jammu and Kashmir. The DISCOs Privatisation in Pakistan effort is seen as a major step toward improving efficiency in the energy sector.
Prime Minister Shehbaz Sharif also stressed the need for a strong regulatory framework after privatisation. He said that accountability and consumer protection must remain central even after the DISCOs Privatisation in Pakistan process is completed.
The meeting was attended by senior cabinet members, including the finance and power ministers. Authorities believe the DISCOs Privatisation in Pakistan drive could help reduce losses in the energy sector and attract significant foreign investment.
