PM Shehbaz directs adoption of 'comprehensive strategy' to attract investors for Discos' privatisation
ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday directed relevant authorities to adopt a “comprehensive strategy” to attract international investors for the privatisation of state-owned power distribution companies (Discos) and complete the restructuring of the Privatisation Commission within one month. “A comprehensive and effective strategy should be adopted to ensure the participation of…
Prime Minister Shehbaz Sharif directed officials to implement a comprehensive strategy aimed at enticing international investors for the privatization of Pakistan's state-owned power distribution companies, known as Discos. The Prime Minister emphasized the need to align the process with international standards and consumer interests during a review meeting in Islamabad.
The Privatisation Commission must be restructured and staffed with experts skilled in finance, law, and information technology to bolster its capabilities and boost investor confidence, according to Shehbaz Sharif. Investors were invited to express their interest in acquiring 51% to 100% shares with management control over the Gujranwala Electric Power Company, Faisalabad Electric Supply Company, and Islamabad Electric Supply Company.
The roadshows organized for potential investors in Turkey, Saudi Arabia, and China yielded positive outcomes. The Privatisation Commission is tasked with finalizing legal arrangements and financial regulatory frameworks in a timely manner, while prioritizing consumer interests and establishing a grievance redress mechanism.
Written by urgent.news from Dawn Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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