Islamabad: Pakistan has initiated an international campaign to attract investors for the privatization of three major power distribution companies – IESCO, FESCO, and GEPCO. A government delegation is visiting Türkiye, China, and Saudi Arabia to present investment opportunities and promote reforms aimed at improving efficiency, reducing transmission losses, and boosting private sector involvement. Officials, however, acknowledge that pending dues of around Rs. 560 billion owed to Chinese power producers under CPEC may be a concern for potential investors. The initiative reflects Pakistan’s broader efforts to reform the energy sector and secure sustainable financing for critical infrastructure.
