Prime Minister Shehbaz Sharif has called for expanding and accelerating the privatisation of electricity distribution companies. The move focuses on improving efficiency and reducing losses in the power sector. The decision matters for investors, consumers, and the country’s energy stability.
Chairing a high-level meeting in Islamabad, the prime minister stressed transparency in the privatisation process. He said loss-making state-owned entities remain a key government priority for reform. He also directed officials to speed up the ongoing transactions without delays.
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Meanwhile, the government plans to strengthen the regulatory framework after privatisation. Officials briefed the meeting on progress in the sale of major distribution companies. The first phase includes Islamabad Electric Supply Company, Gujranwala Electric Power Company, and Faisalabad Electric Supply Company.
In addition, authorities have already invited expressions of interest from local and international investors. Roadshows are planned this month to attract investment from Saudi Arabia, Turkiye, and China. The Cabinet Privatisation Committee has also approved the transaction structure for the process.
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Furthermore, these companies collectively serve more than 14 million consumers across key regions. Investors may acquire between 51 percent and full ownership along with management control. The government expects the process to enhance efficiency and reduce financial pressure on the power sector.