PM Shehbaz Directs Comprehensive Strategy for Discos Privatisation

Prime Minister Shehbaz Sharif directed a "comprehensive strategy" to attract international investors for the privatisation of Pakistan's power distribution companies (Discos), including Gepco, Fesco, and Iesco, and to complete the Privatisation Commission's restructuring within a month. He emphasized prioritizing consumer interests and adhering to international best practices to ensure profitable outcomes, expressing satisfaction over successful roadshows in Turkey, Saudi Arabia, and China. This move aims to bolster foreign investment in Pakistan's energy sector, which could contribute to long-term economic stability and potentially support the Pakistani Rupee, though immediate market impact on gold or currency rates is not expected.

بحوالہ / Source: www.dawn.com