{
  "id": 16060652,
  "title": "Privatisation Commission prequalifies 10 parties for IESCO sale",
  "url": "https://urgent.news/2026/10/22/privatisation-commission-prequalifies-10-parties-for-iesco-sale",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-22T15:07:41.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40445472/privatisation-commission-prequalifies-10-parties-for-iesco-sale"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Privatisation Commission (PC) Board has prequalified 10 parties for the privatisation of Islamabad Electric Supply Company Limited (IESCO), including three Turkish energy companies and several prominent Pakistani business groups. These parties will proceed to the next stage of the transaction, including access to the Virtual Data Room for detailed due diligence. Additionally, the board approved key decisions concerning Faisalabad Electric Supply Company Limited (FESCO), Zarai Taraqiati Bank Limited (ZTBL), and State Life Insurance Corporation of Pakistan (SLIC), including changes to the transaction structure and restructuring plan for ZTBL's privatisation, and the selection of a consortium led by Deutsche Bank as the top-ranked interested party for appointment as financial adviser for SLIC’s privatisation. These decisions aim to advance the government’s privatisation programme through transparent and competitive transactions, attracting domestic and international investment, improving operational efficiency and service delivery, and maximising value for the government and the public.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}