By SKM
June 19, 2025
ISLAMABAD: In a bid to expedite the process of selling the state-owned entities causing almost Rs1 trillion loss to the national exchequer every year, the privatization Commission’s Board has accorded approval to the key steps for strategic transactions.
The 235th meeting of the Privatization Commission (PC) Board was held here on June 18, 2025 with Mr. Muhammad Ali, Adviser to the Prime Minister on Privatisation in the chair, says a press release.
During the meeting, the Board granted formal approval to initiate the process for the appointment of Financial Advisers (FAs) for enhancing private sector participation in the power sector entities such as Discos and Gencos which include Hyderabad Electric Supply Company (HESCO), Sukkur Electric Power Company (SEPCO), Peshawar Electric Supply Company (PESCO), Hazara Electric Supply Company (HAZECO) and Generation Companies (GENCOs) such as 747 MW Guddu Power Plant, and 525 MW Nandipur Power Plant
The Board also reviewed and approved the audited financial statements of the Privatisation Commission for the fiscal years 2022–23 and 2023–24. In addition, the Board approved the budget estimates of the Privatisation Commission for the financial year 2025–26, supporting its continued institutional operations and transactional progress.
The Board was further apprised of the latest developments in ongoing transactions, including Pakistan International Airlines Corporation Limited (PIACL), Roosevelt Hotel (New York) and three power distribution companies: Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO), and Islamabad Electric Supply Company (IESCO).
The Privatisation Commission reaffirmed its commitment to ensuring transparency, investor confidence, and efficient execution of strategic transactions in alignment with national economic goals. Ends
