ISLAMABAD: Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar on Friday chaired a meeting of the Steering Committee overseeing the privatisation process of electricity distribution companies (Discos), and reviewed progress on the first batch of entities.
The committee was briefed by the Privatisation Commission on the current status and progress of Batch-I Discos, including IESCO, FESCO, and GEPCO. The meeting expressed satisfaction over the pace of work and directed the Commission to complete the process within the agreed timelines.
Senator Dar emphasised that while privatisation is aimed at improving efficiency, enhancing service delivery, and ensuring financial sustainability of the power sector, a robust regulatory framework and strong oversight mechanisms are essential to safeguard consumer interests, ensure transparency, and maintain accountability.
The meeting was attended by the Minister for Power, the Adviser on Privatisation, SAPM Tariq Bajwa, the Secretary Power, and senior officials from relevant ministries and departments.
