The federal government on Thursday formally initiated the privatising process of power distribution companies also known as Discos. Proposals have also been sought for appointing financial advisors for the privatisation of three distribution companies in the first phase. The Faisalabad Electric Supply Corporation (FESCO), Islamabad Electric Supply Company (IESCO), and Gujranwala Electric Power Company (GEPCO) will be privatised in the first phase.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

FIA issues notice to crypto exchange Binance

On Friday, the Federal Investigation Agency’s (FIA) Cyber Crime Wing (Sindh) stated…

Dollar surges, bitcoin hits record high as Trump claims US election victory

The US Dollar (USD) was set for its biggest one-day rise since…

UAE clarifies circular regarding vaccine certificate

The Embassy of the United Arab Emirates in Pakistan clarified its notification…

Pakistani rupee falls over Rs 8 against US dollar

The Pakistani rupee continued its downward trend on Friday with the local…