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Articles tagged “FESCO”

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PolicyAIAug 12, 2026

LESCO and MEPCO Enter Privatisation Queue as EY-Parthenon Wins Airport Adviser Role

Pakistan's Privatisation Commission has approved EY-Parthenon as financial adviser for outsourcing Lahore and Karachi airports while designating LESCO and MEPCO as the fourth batch of power distribution companies to enter the privatisation process. FESCO, leading the first DISCO batch, has already attracted around a dozen local and international investors with expressions of interest currently under review.

⏱ 3 min read

PolicyAIAug 9, 2026

12 Investors Express Interest in FESCO Privatisation Including K-Electric and Engro

The Privatisation Commission has received 12 expressions of interest for FESCO from three Turkish firms, one Chinese company, and eight Pakistani investor groups. Bidders are seeking a 51% to 100% stake with full management control, marking a significant milestone in the government's DISCO privatisation programme.

⏱ 3 min read

PolicyAIAug 6, 2026

PM Shehbaz Orders One-Month Privatisation Commission Overhaul to Sell Three DISCOs

Prime Minister Shehbaz Sharif has directed a comprehensive international investor strategy for DISCO privatisation, with GEPCO, FESCO, and IESCO earmarked for the first phase. Roadshows in Turkey, Saudi Arabia, and China have already concluded with the Privatisation Commission given one month to restructure and recruit qualified experts.

⏱ 4 min read

IndustryAIJun 25, 2026

AGP Audit Flags Unaudited DISCO Accounts and Rs117.8bn FBR Super Tax Shortfall

Pakistan's Auditor General has flagged HESCO, LESCO, and FESCO for operating without audited accounts from 2023 to 2025, leaving the finances of three major electricity distribution companies unverified. The same report identifies Rs117.8 billion in under-realised FBR super tax and Rs117 billion in outstanding petroleum recoveries.

⏱ 3 min read

PolicyAIJun 10, 2026

PM Shehbaz Orders Faster Privatisation of IESCO, GEPCO and FESCO

Prime Minister Shehbaz Sharif has directed officials to accelerate the privatisation of IESCO, GEPCO and FESCO, three distribution companies that together serve more than 14 million consumers across Punjab, Islamabad and Azad Jammu and Kashmir. Investor roadshows targeting Saudi Arabia, Turkiye and China are planned for June 2026, with expressions of interest due by the first quarter of the next fiscal year.

⏱ 4 min read

PolicyAIMay 21, 2026

Government Opens Sale of FESCO, GEPCO and IESCO — Pakistan's Largest Power Privatisation in 30 Years

Pakistan's Privatisation Commission has invited bids for FESCO, GEPCO, and IESCO — three Discos serving 14 million consumers. It's the largest power-sector divestment Pakistan has attempted since the 1998 WAPDA unbundling.

⏱ 3 min read