ISLAMABAD: The privatisation of key power sector assets—including two power plants and three electricity distribution companies (DISCOs)—along with the sale of a majority stake in Pakistan International Airlines (PIA), moved closer to implementation on Thursday as officials briefed a Senate panel on the government’s roadmap and timelines.
The Senate Standing Committee on Privatisation, chaired by Senator Afnanullah Khan, was informed that the Guddu and Nandipur power plants are fully prepared for privatisation. Officials also said preparatory work has been completed for the first-phase sale of Islamabad Electric Supply Company (IESCO), Faisalabad Electric Supply Company (FESCO) and Gujranwala Electric Power Company (GEPCO).
Separately, the Secretary of the Privatisation Commission briefed the committee on plans for PIA’s privatisation, stating that between 51 per cent and 100 per cent of the national flag carrier’s shares would be offered to investors.
He explained that during the previous privatisation attempt, prospective investors were required to clear liabilities amounting to Rs33 billion. This time, however, issues related to outstanding dues and taxes have been resolved, making the transaction more attractive.
The secretary added that earlier delays in the process had largely stemmed from the government’s inability to secure timely relief on general sales tax (GST) from the International Monetary Fund (IMF).
The briefing underscored the government’s renewed push to accelerate privatisation as part of broader structural reforms aimed at improving efficiency, reducing fiscal burdens and attracting private investment.
