CCoP Seeks Alternative Circular Debt Financing Mechanism Before FESCO, GEPCO And IESCO Privatisation
Cabinet Committee on Privatisation directs Power and Finance divisions to develop an alternative to Circular Debt Financing before the privatisation of FESCO, GEPCO and IESCO.
Lucky Cement Consortium Submits EOI, Cleared For FESCO Due Diligence
A consortium led by Lucky Cement, with Hub Power Holdings, Kohat Cement and Metro Ventures, has been pre-qualified to conduct financial, technical and legal due diligence on FESCO as part of the government’s privatisation process.
Govt Approves Restructuring Plan for FESCO, GEPCO and IESCO
Pakistan’s Cabinet Committee on Privatisation approves the restructuring plan for FESCO, GEPCO and IESCO, covering selected assets, liabilities and employee benefits.
Prime Minister Shehbaz Sharif Orders Timely Completion Of Pakistan’s Privatization Programme
Prime Minister Shehbaz Sharif has directed authorities to complete Pakistan’s privatization programme within set timelines, while preserving Zarai Taraqiati Bank’s agricultural lending mandate.
Faisalabad Electric Supply Company launches instant electricity bill payments using Raast gateway
FESCO integrates Raast payment gateway to allow consumers in Pakistan to pay electricity bills and demand notices instantly via QR codes.