Deputy Prime Minister Ishaq Dar on Friday directed authorities to complete the privatization of power distribution companies within the agreed timeline. He emphasized that consumer interests must remain protected throughout the process. The move is aimed at improving efficiency, service delivery, and financial sustainability in Pakistan’s power sector.
Dar issued the directive while chairing a meeting of the steering committee overseeing the privatization of electricity distribution companies. During the session, officials reviewed progress on the privatization of Islamabad Electric Supply Company, Faisalabad Electric Supply Company, and Gujranwala Electric Power Company. The committee expressed satisfaction with the work completed so far.
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According to officials, the Privatisation Commission was instructed to finalize all remaining stages in line with the approved schedule. The government considers power sector reforms a key component of its broader economic agenda. Authorities believe private sector participation can help address operational inefficiencies and reduce financial losses.
Dar stressed that privatization should not compromise consumer rights or service standards. He said a strong regulatory framework and effective oversight mechanisms would remain essential to ensure transparency and accountability. He added that the primary objective was to deliver better services while maintaining public confidence in the system.
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The meeting was attended by the minister for power, adviser on privatization, Special Assistant to the Prime Minister Tariq Bajwa, the power secretary, and senior government officials. The discussions come as Pakistan continues efforts to reform state-owned enterprises and strengthen the financial performance of the energy sector.