Process begins to name advisers for four power companies, two plants

The Privatisation Commission has taken significant steps in advancing its reform agenda by initiating the process for the appointment of financial advisers for four power distribution companies and two power generation plants, while also receiving expressions of interest (EoIs) from eight parties seeking management control of Pakistan International Airlines Corporation Ltd (PIACL). These developments mark a major push to accelerate privatisation in key sectors, with the commission aiming to enhance private sector participation, improve efficiency, and reduce the government’s financial burden. At its meeting on Wednesday, the Board of the Privatisation Commission approved the process to appoint financial advisers for four power distribution companies — Hyderabad Electric Supply Company (Hesco), Sukkur Electric Power Company (Sepco), Peshawar Electric Supply Company (Pesco), and Hazara Electric Supply Company (Hazeco)