PC Board prequalifies 10 interested parties for IESCO sale

DISCOs privatization in Pakistan moved forward as the PC Board prequalified 10 bidders for IESCO and kept ZTBL focused on farm lending.

The Privatization Commission Board met on Thursday, October 22, under Muhammad Ali, Adviser to the Prime Minister on Privatisation.

The Board prequalified 10 interested parties for IESCO, which will now move to detailed due diligence.

IESCO is part of the first batch of DISCOs, alongside FESCO and GEPCO.

The Board approved changes to the ZTBL restructuring plan to keep its focus on agricultural and farmer financing.

A Deutsche Bank-led consortium was ranked top to become financial adviser for State Life's privatization, and a negotiation committee was formed.

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