Nishat Group Joins FESCO Privatization Bid

Nishat Chunian Power Limited announced to PSX that a consortium, including Pakgen Limited and Nishat Mills, has obtained the Request for Statement of Qualification for FESCO's divestment. Pakgen Limited will lead the consortium in the privatization process for FESCO, one of three DISCOs slated for outright privatization by the government. This development signals progress in Pakistan's economic reform agenda, which could indirectly support long-term investor confidence, though its immediate impact on gold or currency rates is likely minimal.

بحوالہ / Source: www.brecorder.com