NA panel informed: PC plans 51-100pc divestment of each Disco
ISLAMABAD: National Assembly Standing Committee on Privatisation has been informed that 51 to 100 percent shareholding and management control of each power distributing company (Disco) is proposed to be divested under the approved structure of the Disco’s privatisation. The Standing Committee of the National Assembly on Privatisation met on Thursday at Parliament House, Islamabad, under the…
National Assembly Standing Committee on Privatisation convened on Thursday to discuss the progress of power distribution company privatisation and other matters. Under the approved privatisation structure, the Committee was informed that 51 percent to 100 percent shareholding and management control of each Disco is set to be divested.
Alvarez & Marsal, the Privatisation Commission's Financial Adviser, had completed due diligence before approving the Restructuring Plan and Transaction Structure. The Committee stressed the need for a transparent, competitive, and market-based process, including appropriate valuation, reserve price, post-privatisation regulation, and Nepra oversight.
The Committee reviewed PIACL's privatisation, noting that Arif Habib-led Consortium had submitted the highest bid for a 75 percent equity stake in December 2025. PIACL's management control was transferred in June 2026, with the successful bidder intending to acquire the remaining 25 percent stake subject to contractual requirements.
The Committee also addressed the issue of Postal Life Insurance Corporation Limited's outstanding policyholders' claims, demanding additional funding to settle as many claims as possible, especially for vulnerable policyholders.
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