{
  "id": 8233839,
  "title": "Pakistani textile firm Sapphire Fibres joins race for IESCO privatisation",
  "url": "https://urgent.news/2026/09/18/pakistani-textile-firm-sapphire-fibres-joins-race-for-iesco",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-18T11:23:19.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40440145/pakistani-textile-firm-sapphire-fibres-joins-race-for-iesco-privatisation"
  },
  "original_language": "en",
  "account": null,
  "summary": "Pakistani textile firm Sapphire Fibres has joined the race for the privatisation of Islamabad Electric Supply Company (IESCO), as reported by Business Recorder. The company's board approved its participation in the transaction, subject to pre-qualification by the Privatisation Commission (PC) and requisite corporate and regulatory approvals. Sapphire Fibres may form a consortium once approval is granted. The privatisation of IESCO is part of a broader government initiative to reduce transmission losses, improve recovery, and enhance the quality of service delivery in the power distribution sector.",
  "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."
}