Fesco Privatisation: 10 Parties Prequalified as K-Electric Withdraws

The Privatisation Commission Board approved 10 out of 12 interested parties for Fesco's sale, after K-Electric withdrew due to unavailable financial accounts and a Chinese firm failed to meet criteria. This development follows PM Shehbaz Sharif's directive to attract international investors for state-owned power distribution companies. The prequalified parties, including three from Turkiye and seven Pakistani groups, will now proceed to detailed due diligence. While a positive step for economic reform, this specific development is unlikely to have an immediate, direct impact on gold or USD/PKR rates.

بحوالہ / Source: www.dawn.com