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Pakistan's Ministry of Privatisation has decided to sell LESCO and MEPCO to private investors as whole, unsplit entities rather than dividing them into smaller zones first. The move covers two of Punjab's largest distribution companies and must still clear a formal NEPRA licence transfer process before ownership changes hands.
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.
Pakistan's Adviser on Privatisation Muhammad Ali and Power Minister Sardar Awais Ahmad Khan Leghari held talks with Turkish officials on 25 June 2026 to explore cooperation on power sector privatisation and reform. The engagement reflects Islamabad's ongoing push to offload loss-making state-run distribution companies as part of its IMF programme commitments.
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.