The Privatisation Commission has advanced the sale process of three major electricity distribution companies and approved the top-ranked financial adviser for the Roosevelt Hotel transaction.
The developments were cleared during the commission’s 250th board meeting, chaired by Muhammad Ali, where key recommendations were finalized for submission to the Cabinet Committee on Privatisation. These decisions relate to the first batch of DISCOs, including the Faisalabad Electric Supply Company, Gujranwala Electric Power Company, and Islamabad Electric Supply Company.
The board approved the transaction structure, pre-qualification criteria, and restructuring framework for all three companies. Once the cabinet gives approval, Expressions of Interest will be invited from potential investors, marking a key step in the privatization process.
In a separate decision, the board selected a Citibank-led consortium as the top-ranked bidder for appointing a financial adviser for the Roosevelt Hotel privatization. A negotiation committee has also been formed to finalize the advisory services agreement.
The Roosevelt Hotel, a long-discussed overseas state asset, has been under consideration for various privatization models over the years, including outright sale and redevelopment through joint ventures.
Overall, the reforms are part of Pakistan’s broader effort to improve efficiency in the power sector, reduce financial losses, and enhance service delivery through greater private sector participation.
