Karachi, July 31, 2024: The Federal Cabinet has approved the privatization of 13 entities under Pakistan’s Power Division, including nine power distribution companies.
Sources close to the development revealed that, nine out of the eleven government-owned power distribution companies have been included in the privatization list, with the Quetta Electric Supply Company and Tribal Electric Supply Company being excluded.
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Additionally, the cabinet has approved the inclusion of power generation companies (GENCOs) in the privatization list.
The cabinet also designated six Power Division entities, including Power Holding Limited and the Central Power Purchasing Agency (CPPA), as ‘national important entities’.
Furthermore, the cabinet approved the restructuring of four Power Division entities, including the Quetta Electric Supply Company, Tribal Electric Supply Company, NTDC, and NESPAK.
