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PM Orders Fast-Track Privatisation of Power Distribution Companies
['Iqtidar Gilani']
Pakistan Observer
Prime Minister Shehbaz Sharif on Wednesday directed formulating a comprehensive strategy to attract leading global investors for the privatisation of power distribution companies (DISCOs).
Chairing a review meeting on the DISCO privatisation programme and the institutional restructuring of the Privatisation Commission, he directed officials to complete the commission’s ongoing reforms and restructuring within one month.
Shehbaz also ordered the strengthening of the Privatisation Commission by hiring internationally experienced professionals in finance, legal affairs, and information technology.
The PM instructed authorities to swiftly finalise all necessary legal measures and establish the required financial and regulatory framework to facilitate the privatisation programme.
During the meeting, officials from the Privatisation Commission briefed participants on progress made in completing the first phase of the DISCO privatisation programme, as well as developments in recruiting highly qualified professionals under the commission’s restructuring plan.
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programme
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