Islamabad, December 15, 2025 – Prime Minister Muhammad Shehbaz Sharif on Monday directed authorities to fast-track the privatization of Pakistan’s power distribution companies (DISCOs) and generation companies (GENCOs) to establish a competitive and sustainable electricity market.
Chairing a high-level meeting on the power sector, the prime minister emphasized that privatization is a key solution to the country’s longstanding energy challenges. Officials informed him that steps are underway to privatize three major distribution companies—IESCO, FESCO, and GEPCO—with Expressions of Interest (EoIs) to be published shortly.
Prime Minister Shehbaz Sharif instructed authorities to prioritize ongoing development projects to enhance the efficiency of the national power distribution system. He also called for the initiation of a Battery Energy Storage System project through public-private partnerships to modernize the electricity grid.
The briefing highlighted progress on Pakistan’s power sector roadmap, including power generation, distribution reforms, and operationalization of a competitive electricity market. Updates were also provided on key infrastructure projects such as the 500 KV Ghazi Barotha-Faisalabad transmission line, the shift of imported power plants to Thar Coal, and the construction of a railway line for coal transport.
Officials reported a decline in line losses compared to last year, reflecting improved operational efficiency. The concept clearance for the Battery Energy Storage System has been approved, and feasibility studies are ongoing.
The meeting was attended by Federal Ministers Muhammad Aurangzeb, Ahad Khan Cheema, Sardar Awais Ahmed Leghari, Advisor Muhammad Ali, Minister of State for Finance Bilal Azhar Kayani, and senior officials from relevant departments, underscoring the government’s commitment to comprehensive energy sector reforms.