The Privatisation Commission Board has approved the restructuring plan for Faisalabad Electric Supply Company as part of preparations for its planned privatisation, marking a significant step in the government’s efforts to reform Pakistan’s power distribution sector.
According to the commission, the restructuring proposal will now be forwarded to the Cabinet Committee on Privatisation for final approval.
FESCO has been included in the first phase of the government’s distribution company (DISCO) privatisation programme alongside Gujranwala Electric Power Company and Islamabad Electric Supply Company. The commission said expressions of interest will soon be invited from local and international investors interested in acquiring stakes in the power distribution companies.
During the meeting, the board also approved the selection of a financial adviser for the privatisation of House Building Finance Company. A consortium led by KPMG was declared the highest-ranked bidder, and a negotiation committee has been established to finalize the financial advisory agreement.
The board further reviewed a proposed agreement with the Asian Development Bank regarding the outsourcing of operations at Islamabad International Airport. Under the proposed framework, the airport would be managed through a long-term concession model involving private sector participation.
Officials stated that private management of the airport is expected to improve operational efficiency, modernize services, and enhance the overall passenger experience through international service standards.
In addition to these decisions, the commission approved its budget estimates for the financial year 2026-27 and reaffirmed its commitment to implementing a transparent, competitive, and investor-friendly privatisation programme.
According to officials, the broader objective of the privatisation initiative is to attract domestic and foreign investment, support economic growth, improve public service delivery, and reduce the financial burden on the government while ensuring compliance with all legal and regulatory requirements.
The commission emphasized that transparency, accountability, and maximizing the value of national assets will remain key priorities throughout the privatisation process.
