کارپوریٹ ریئل اسٹیٹ خبریں

Islamabad | ReNews Pakistan
A consortium of leading companies from the Nishat Group has formally entered the bidding process for the privatisation of Faisalabad Electric Supply Company (FESCO), marking another significant step in Pakistan's ongoing efforts to reform its electricity distribution sector through private investment and improved operational efficiency.
The development was disclosed by Nishat Chunian Power Limited (NCPL) in a notice submitted to the Pakistan Stock Exchange (PSX), confirming that the company's Board of Directors had approved participation in the consortium after obtaining the Request for Statement of Qualification (RSOQ) issued by the Privatisation Commission for FESCO's divestment.
The consortium comprises Nishat Chunian Power Limited, Pakgen Limited, Lalpir Limited, Nishat Power Limited, Nishat Mills Limited, Kohinoor Energy Limited, and Pak Elektron Limited (PEL). Under the consortium agreement, Pakgen Limited has been appointed as the lead member and has been authorised to represent the consortium and conduct all business related to the privatisation process.
NCPL clarified that its participation does not constitute a binding commitment to acquire FESCO at this stage. The company stated that any future transaction remains subject to successful pre-qualification by the Privatisation Commission, as well as the completion of all required corporate and regulatory approvals.
FESCO is one of Pakistan's largest electricity distribution companies and has been included in the federal government's first phase of DISCO privatisation. The initiative forms part of a broader energy sector reform programme aimed at improving service delivery, reducing transmission and distribution losses, strengthening financial sustainability, and attracting private sector investment into the country's power distribution network.
Alongside FESCO, the government has also selected Islamabad Electric Supply Company (IESCO) and Gujranwala Electric Power Company (GEPCO) for outright privatisation. The Federal Cabinet initially approved the privatisation of these three distribution companies in August 2024 as part of its strategy to modernise Pakistan's electricity sector and reduce the financial burden of state-owned power utilities.
The Privatisation Commission has continued to advance the process in recent months through restructuring measures and investor engagement. Earlier, the Privatisation Commission Board approved key restructuring initiatives for the three DISCOs to facilitate their eventual sale.
Meanwhile, the deadline for the submission of Expressions of Interest (EOIs) for FESCO has been revised to August 7, 2026, providing interested investors additional time to complete the qualification process before the next stage of the transaction begins.
The participation of a major industrial consortium led by companies within the Nishat Group is expected to enhance investor interest in the government's power sector privatisation programme, which is considered a key component of Pakistan's long-term economic and energy sector reform agenda.

Pakistan Services Limited (PSL), the owner and manager of the Pearl Continental hotel chain, has told the Pakistan Stock Exchange (PSX) that it was not informed of a definitive agreement between Thatta Cement Company Limited and Fauji Foundation regarding PSL’s proposed restructuring. In a filing to the stock exchange on Thursday, PSL said it had not received notice of the agreement disclosed by Thatta Cement a day earlier. The company also clarified that it was not a party to the agreement.