ISLAMABAD : Deputy Prime Minister / Foreign Minister Senator Mohammad Ishaq Dar chaired a meeting of the Cabinet Committee on Privatisation to review key power sector matters.
The committee considered the privatisation of three DISCOs — IESCO (Islamabad), GEPCO (Gujranwala) and FESCO (Faislabad), aimed at improving efficiency and financial sustainability in the power distribution system.
The committee approved the Transaction Structure and decided to offer outright sale of 51% to 100% share capital in each DISCO along with management control, subject to Cabinet approval.
DPM/FM noted that the initiative is intended to strengthen service delivery, ensure reliable electricity supply, and bring private sector efficiency into the sector.
The meeting was attended by the Federal Minister for Power, Advisor on Privatisation, SAPM Tariq Bajwa, Secretary Cabinet, Secretary Privatisation Commission, Secretary Privatisation Division, Secretary Power Division, Chairman NEPRA, Chairman SECP, and senior officials from relevant ministries and departments.
