Govt to Privatise LESCO, MEPCO in Existing Form

The Ministry of Privatisation will privatise LESCO and MEPCO without splitting them, a move aimed at accelerating the sale of these large power distribution companies. A technical committee advised against bifurcation, citing potential delays. Both companies serve millions of consumers across Punjab but face challenges like electricity theft and line losses. This decision reflects the government's push for economic reforms, potentially bolstering investor confidence in the long run, though immediate impacts on gold or currency rates are unlikely.

بحوالہ / Source: www.brecorder.com