{
  "id": 2319291,
  "title": "Govt Plans New Rs. 250 Billion Entity for FESCO, GEPCO, IESCO Sale",
  "url": "https://urgent.news/2026/08/21/govt-plans-new-rs-250-billion-entity-for-fesco-gepco-iesco-sale",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-21T06:23:32.000Z",
  "source": {
    "name": "ProPakistani",
    "slug": "propakistani",
    "url": "https://propakistani.pk/2026/08/21/govt-plans-new-rs-250-billion-entity-for-fesco-gepco-iesco-sale/"
  },
  "original_language": "en",
  "account": "The Pakistani government is set to create a newly formed Special Purpose Vehicle (SPV), backed by a capital of Rs. 250 billion, to oversee the privatization process of Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO), and Islamabad Electric Supply Company (IESCO). This decision comes after the Privatisation Commission Board's recommendation on July 28, 2023, to approve restructuring plans and arrangements for the three distribution companies (Discos). According to audited financial statements, the assets to be transferred to the SPV are worth Rs. 350.6 billion, while the associated liabilities are valued at Rs. 313 billion, leaving an equity of Rs. 37.6 billion. The restructuring aims to enhance the financial viability of the transactions and make the Discos more appealing to potential private investors. The Privatisation Commission Board has received expressions of interest from both domestic and international investors. The government plans to register the SPV and set up a separate pension fund for employees' liabilities covered by the restructuring, which will enable the recovery of pension liabilities through electricity tariffs. The authorized share capital of FESCO, GEPCO, and IESCO will be increased to Rs. 100 billion, Rs. 75 billion, and Rs. 125 billion, respectively, raising their combined authorized share capital to Rs. 300 billion. The Securities and Exchange Commission of Pakistan will waive the applicable fees on these increases, along with the authorized share capital of the new SPV. The three Discos have been instructed to classify their land into core and non-core categories by the end of August. Relevant authorities will be required to provide approvals and execute necessary corporate actions for the implementation of the restructuring plans and filing of the schemes of arrangement. The government has already set separate deadlines for expressions of interest from potential investors, with FESCO's deadline on August 7, GEPCO's on August 21, and IESCO's on September 7.",
  "summary": "The government is preparing to establish a new government owned Special Purpose Vehicle with authorized share capital of Rs. 250 … Read More The post Govt Plans New Rs. 250 Billion Entity for FESCO, GEPCO, IESCO Sale appeared first on ProPakistani .",
  "key_points": [
    "Pakistani government creates Rs. 250 billion SPV for FESCO, GEPCO, IESCO privatization.",
    "SPV to oversee sale of assets worth Rs. 350.6 billion and liabilities of Rs. 313 billion."
  ],
  "editors_take": "The government's plan to create a Rs. 250 billion Special Purpose Vehicle to oversee the privatization of FESCO, GEPCO, and IESCO aims to enhance the financial viability of the transactions and attract private investors.",
  "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."
}