ISLAMABAD: The federal government has ramped up efforts to privatize power distribution companies (DISCOs) and the House Building Finance Corporation (HBFC) as part of its economic reforms.
The Privatisation Commission, led by Federal Minister for Privatisation and Investment Aleem Khan, recently reviewed progress on entities listed for privatisation. During the meeting, it was decided to expedite the selection of financial advisers for DISCOs while seeking International Finance Corporation (IFC) approval to advance the HBFC privatisation.
Sources indicated that HBFC is ready for immediate privatisation, requiring only the IFC Board’s nod to finalize the transaction. A member of the World Bank Group, IFC specializes in private sector growth in emerging markets, offering investment and advisory services.
The meeting also highlighted significant progress in the DISCOs’ privatisation, with offers received for appointing financial advisers to oversee the process. These moves align with the government’s broader strategy to enhance efficiency and attract private sector investment.
