The Privatisation Commission Board has moved forward several key decisions under Pakistan’s ongoing privatisation programme during a meeting chaired by Adviser to the Prime Minister on Privatisation Muhammad Ali.

The board approved the restructuring plan of Faisalabad Electric Supply Company (FESCO), one of the power distribution companies marked for privatisation. FESCO is part of the initial group of DISCOs also including GEPCO and IESCO.

The restructuring proposal will now be sent to the Cabinet Committee on Privatisation (CCoP) for further approval. The commission has already invited expressions of interest from local and international investors for these companies as part of efforts to bring private sector participation into the power distribution network.

In another decision, the board selected a consortium led by KPMG as the top-ranked bidder for acting as financial adviser for the House Building Finance Company Limited (HBFCL). A negotiation committee has been formed to finalise the advisory agreement with the selected consortium.

The board also reviewed plans related to the proposed outsourcing of operations at Islamabad International Airport, being developed in collaboration with the Asian Development Bank. Members discussed the draft advisory framework and sought further clarifications before moving ahead with the transaction.

Additionally, the Privatisation Commission approved its budget estimates for the fiscal year 2026-27, enabling continued progress on its expanding pipeline of privatisation transactions.

Officials said the government remains focused on a transparent and competitive privatisation process aimed at improving efficiency, attracting investment, and strengthening service delivery across key public assets.