Prime Minister Muhammad Shehbaz Sharif chairs the review meeting on privatization of DISCOs. PHOTO: PID
Pakistan on Tuesday moved forward with plans to privatize three electricity distribution companies in the first phase of its reform program as the government continues efforts to restructure loss-making state-owned enterprises, according to a statement from the prime minister’s office.
Chairing a review meeting in Islamabad on the privatization of electricity distribution companies (DISCOs), Prime Minister Shehbaz Sharif was informed that three electricity distributors, Islamabad Electric Supply Company (IESCO), Gujranwala Electric Power Company (GEPCO) and Faisalabad Electric Supply Company (FESCO), would be privatized in the first phase.
Expressions of interest for the three DISCOs had already been published in both national and international newspapers. The Council of Ministers for Privatization has also approved the transaction structure for the process.
The Prime Minister reiterated that the privatization of loss-making public entities remains a top priority for the government.
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Senior cabinet members who attended the meeting included Deputy Prime Minister and Foreign Minister Ishaq Dar, Law Minister Azam Nazeer Tarar, Finance Minister Muhammad Aurangzeb, Finance Minister Ahad Khan Cheema, Power Minister Sardar Awais Leghari and Privatization Advisor Muhammad Ali.
Islamabad: January 9, 2026.
Prime Minister Muhammad Shahbaz Sharif has chaired the review meeting held by the power distribution companies (Discoz).
Talking at the meeting, وزیرِ عزام said that deficits are the priority of our government. the prime minister has divided electricity into the car… pic.twitter.com/bWuMCi07ND
— Prime Minister’s Office (@PakPMO) June 9, 2026
“Loss-making state-owned enterprises are our priority for privatisation,” Prime Minister Shehbaz said, according to officials present at the meeting. He directed relevant authorities to speed up the process and ensure that it is carried out with full transparency.
The meeting was informed that roadshows would be launched that month to attract investors, with international sessions also planned for potential investors from Saudi Arabia, Türkiye and China.
Prime Minister Shehbaz also directed officials to establish a robust regulatory framework after the privatization of the DISCOs and stressed that transparency must be maintained at all stages of the process.
