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Pakistan has prequalified 10 bidders for the privatisation of IESCO, the Islamabad Electric Supply Company, moving the transaction into its next competitive phase. IESCO is the first state-owned distribution company in the government's IMF-linked privatisation queue, with other DISCOs expected to follow if the process concludes successfully.
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.
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.
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.