Islamabad: The Privatisation Commission Board has recommended that the Cabinet Committee on Privatisation approve restructuring plans for the privatisation of three power distribution companies. The companies involved include Faisalabad Electric Supply Company, Gujranwala Electric Power Company, and Islamabad Electric Supply Company. The plans aim to maximize value for the government while ensuring commercial viability for potential investors.

According to Privatisation Commission, the restructuring plans are based on audited financial statements as of March 31, 2026. A government-owned Special Purpose Vehicle will be established to manage selected assets and liabilities of the companies to facilitate a commercially viable transaction. The board reported interest from both domestic and international investors, with deadlines for expressions of interest set in August and September 2026, depending on the company.

The meeting also outlined plans to outsource operations for major airports in Islamabad, Lahore, and Karachi. The Asian Development Bank has been appointed as the financial adviser for Islamabad, while advisers for Lahore and Karachi are yet to be appointed. Additionally, RSM Avais Hyder Liaquat Nauman has been appointed as auditors for privatisation transactions, with BDO Ebrahim & Co. handling the annual audit of the commission’s financial statements.

The Board reiterated its commitment to a transparent and competitive privatisation programme, aiming to attract private investment and enhance value for the government and citizens of Pakistan.