Overview
- The Privatisation Commission Board approved the restructuring plan for Faisalabad Electric Supply Company (FESCO) on Friday and confirmed FESCO, Gujranwala Electric Power Company (GEPCO) and Islamabad Electric Supply Company (IESCO) as the first batch of distribution companies targeted for privatisation.
- The board has already invited expressions of interest from domestic and international investors to market-test the first DISCO batch while the FESCO restructuring plan is being routed to the Cabinet Committee on Privatisation for consideration and approval.
- A KPMG-led consortium was named the highest-ranked financial adviser for House Building Finance Company Limited and the board formed a Negotiation Committee to finalise the advisory agreement.
- The board reviewed a proposed Transaction Advisory Services Agreement with the Asian Development Bank for outsourcing operations at Islamabad International Airport but asked for clearer terms before taking the agreement forward.
- The Privatisation Commission approved its 2026–27 budget to fund the expanding pipeline of sales and concessions, a step that supports planned transactions and may affect tariffs, jobs and service delivery as private operators enter the power and airport sectors.