Discos and Gencos: PM urges to speed up privatisation

Prime Minister Nawaz Sharif observes that the process of privatisation in the energy sector had got delayed.

ISLAMABAD: Prime Minister Nawaz Sharif observed on Tuesday that the process of privatisation in the energy sector had got delayed and directed the chairman of the privatisation commission to provide a roadmap and precise timeline for the privatisation of DISCOs and GENCOs by June 30, 2015. The directions were issued during a meeting chaired by the premier on privatisation of DISCOs and GENCOs and the load shedding management, said a statement issued by the PM office. During the meeting, the chairman of the commission informed that on April 28, 2011 and February 10, 2014, the Council of Common Interests had already approved nine DISCOs and four GENCOs for privatisation. “In view of the keen interest shown by the foreign investors in Pakistan, there is no justification for further staggering the privatisation process,” the statement said.

Published in The Express Tribune, June 11^th, 2014.