Government Approves Plan to Sell Up to 100% Shares of IESCO, GEPCO and FESCO

ISLAMABAD: The government has decided to sell between 50 percent and 100 percent shares of three major power distribution companies — IESCO, GEPCO, and FESCO — as part of its power sector reform and privatization strategy.

The decision was reviewed during a meeting of the Cabinet Committee on Privatization related to the power sector, chaired by Deputy Prime Minister Ishaq Dar.

According to an official statement issued after the meeting, the committee approved the transaction structure for the privatization of the three distribution companies (DISCOs).

Under the approved framework, the government will offer 50 percent to 100 percent share capital of each DISCO for sale. The shares will include management control and will remain subject to final approval by the federal cabinet.

The move is aimed at improving efficiency, reducing financial losses, and attracting private sector investment in the country’s electricity distribution system.