Ministry of Privatisation, Government of Pakistan

Official account of the Ministry of Privatisation, Government of Pakistan, advancing transparent and rules-based privatisation and public sector reform.

[Ministry of Privatisation, Government of Pakistan @PrivComPakistan]

𝗣𝗮𝗸𝗶𝘀𝘁𝗮𝗻 | 𝟭𝗤𝗙𝗬𝟮𝟳 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗦𝗰𝗼𝗿𝗲𝗰𝗮𝗿𝗱

[Khurram Schehzad @kschehzad]

𝗣𝗮𝗸𝗶𝘀𝘁𝗮𝗻 | 𝟭𝗤𝗙𝗬𝟮𝟳 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗦𝗰𝗼𝗿𝗲𝗰𝗮𝗿𝗱

Strengthening FX buffers, increasing exports & investment, improving sovereign ratings, expanding private credit and advancing reforms.

𝙎𝙚𝙫𝙚𝙣 𝙥𝙞𝙡𝙡𝙖𝙧𝙨. 𝙊𝙣𝙚 𝙚𝙘𝙤𝙣𝙤𝙢𝙞𝙘 𝙥𝙞𝙘𝙩𝙪𝙧𝙚.

(See all attached)

#PakistanEconomy #EconomicStability #EconomicReforms #Investment #Exports #CapitalMarkets #Privatisation #DigitalPakistan #SustainableGrowth

@Financegovpk @StateBank_Pak @PakStat @PlanComPakistan @PrivComPakistan @sifcpakistan @investinpak @MoitOfficial @SECPakistan @MoIB_Official @PakPMO @GovtofPakistan

[Ministry of Privatisation, Government of Pakistan @PrivComPakistan]

Reforms Held, Not Reversed: Turning Plans into Progress.

In his address at the CEO Summit Islamabad, Adviser to the Prime Minister on Privatisation, Mr. Muhammad Ali highlighted three critical areas where consistent reforms can help strengthen the economy:

🔹 *Energy:* Improving affordability, reliability and sustainability through private-sector management and competition.

🔹 *Taxes:* Broadening the tax base through a documented economy, creating a fairer system where the burden is not concentrated on those already paying.

🔹 *State-Owned Enterprises:* Advancing privatisation to reduce the financial burden of loss-making entities and redirect public resources towards essential services.

*Sustained reforms build investor confidence, unlock opportunities and lay the foundation for long-term economic growth.*

#PakistanEconomy #CEOSummit #Privatisation #EconomicReforms #EnergyReforms #TaxReforms #EconomicGrowth #Investment #PrivateSector #SOEs #Documentation #FiscalSustainability #PakistanBusiness #EconomicDevelopment #InvestorConfidence
5/5

[Ministry of Privatisation, Government of Pakistan @PrivComPakistan]

Target What We Can Do Best:
Five Tests to Identify Pakistan’s Growth Sectors.*

In his address at the CEO Summit Islamabad, Adviser to the Prime Minister on Privatisation, Mr. Muhammad Ali outlined five key tests to identify the sectors that can drive Pakistan’s economic growth:

🔹 Proven Strength
🔹 Doability
🔹 Global Demand
🔹 Jobs at Scale
🔹 Foreign Exchange Earnings

By focusing on sectors where Pakistan has proven strengths, global market opportunities, job creation potential and export capacity, the country can accelerate industrialisation and build a stronger, more competitive economy.

#PakistanEconomy #CEOSummit #Privatisation #EconomicGrowth #GrowthStrategy #Pakistan #EconomicDevelopment #Investment #Exports #ForeignExchange #JobCreation #Industrialisation #EconomicReforms #BusinessGrowth #SustainableGrowth #TradeCompetitiveness #NationalDevelopment #PakistanBusiness #PrivateSector
4/5

[Ministry of Privatisation, Government of Pakistan @PrivComPakistan]

TRUST: A Framework for Growth in Testing Times.

In his address at the CEO Summit Islamabad, Adviser to the Prime Minister on Privatisation, Mr. Muhammad Ali, outlined five key pillars for Pakistan’s sustainable economic growth:

T – Target What We Can Do Best
R – Reforms That Are Sustained, Not Reversed
U – Unlock Private Capital
S – Scale to Export
T – Talent Development

By building on our strengths, sustaining reforms, mobilising private investment, expanding exports and developing skilled talent, Pakistan can turn challenges into opportunities for long-term growth.

#TRUST #EconomicGrowth #PakistanEconomy #CEOSummit #Privatisation #EconomicReforms #PrivateInvestment #Exports #TalentDevelopment #SustainableGrowth #EconomicDevelopment #Investment #BusinessLeadership #Pakistan
2/5

[Ministry of Privatisation, Government of Pakistan @PrivComPakistan]

Target What We Can Do Best:
Five Tests to Identify Pakistan’s Growth Sectors.

In his address at the CEO Summit Islamabad, Adviser to the Prime Minister on Privatisation, Mr. Muhammad Ali outlined five key tests to identify the sectors that can drive Pakistan’s economic growth:

🔹 Proven Strength
🔹 Doability
🔹 Global Demand
🔹 Jobs at Scale
🔹 Foreign Exchange Earnings

By focusing on sectors where Pakistan has proven strengths, global market opportunities, job creation potential and export capacity, the country can accelerate industrialisation and build a stronger, more competitive economy.

#PakistanEconomy #CEOSummit #Privatisation #EconomicGrowth #GrowthStrategy #Pakistan #EconomicDevelopment #Investment #Exports #ForeignExchange #JobCreation #Industrialisation #EconomicReforms #BusinessGrowth #SustainableGrowth #TradeCompetitiveness #NationalDevelopment #PakistanBusiness #PrivateSector
3/5

[Ministry of Privatisation, Government of Pakistan @PrivComPakistan]

Government of Pakistan
Ministry of Privatisation
Privatisation Commission

Islamabad, October 22, 2026

Press Release

PC Board Advances Key Transactions, Approves Major Decisions on DISCOs, ZTBL and State Life Privatisation

The Privatisation Commission (PC) Board, in its 260th meeting held today under the chairmanship of Mr. Muhammad Ali, Adviser to the Prime Minister on Privatisation and Chairman of the Privatisation Commission, approved key measures relating to the privatisation of Islamabad Electric Supply Company Limited (IESCO), Faisalabad Electric Supply Company Limited (FESCO), Zarai Taraqiati Bank Limited (ZTBL), and State Life Insurance Corporation of Pakistan (SLIC).

The Board approved the prequalification of 10 Interested Parties (IPs) for IESCO's privatisation, reflecting strong participation from domestic and international investors. The following Interested Parties were prequalified:

1. Aktor Elektrik Enerji Yatirimlari San. ve Tic. A.S., Türkiye
2. Genvera Enerji A.S., Türkiye
3. Cengiz Enerji Sanayii ve Ticaret A.S., Türkiye
4. Engro Energy Limited
5. Artistic Milliners (Pvt) Limited Consortium, comprising The Lake City Holdings, Fatima Capital Limited, Din Ventures (Pvt) Limited and Fazal Cloth Mills Limited
6. Hub Power Holding Limited Consortium, comprising Lucky Cement Limited, Kohat Cement Limited and Metro Ventures (Pvt) Limited
7. Sapphire Fibers Limited
8. Novatex Limited
9. Bestway Cement Limited
10. Hasnaat Brothers Construction Co. (Pvt) Limited Consortium, comprising Dhilal Holding Group, Pak Steel, Bio-Labs (Pvt) Limited and Farid Steel Casting (Pvt) Limited

The prequalified parties include three Turkish energy companies, alongside prominent Pakistani business groups and investment consortia, reflecting strong domestic and international investor interest in Pakistan's electricity distribution sector and confidence in the Government's ongoing privatisation programme.

The 10 prequalified Interested Parties will now proceed to the next stage of the transaction in accordance with the approved process, including access to the Virtual Data Room (VDR) to undertake detailed buy-side due diligence.

IESCO forms part of the first batch of power distribution companies (DISCOs) identified for privatisation, alongside FESCO and Gujranwala Electric Power Company Limited (GEPCO).

In a separate agenda item, the Board approved the addition of consortium members to Artistic Milliners (Pvt) Limited, a prequalified Interested Party for FESCO's privatisation. The approved arrangement will facilitate the consortium's participation across the Batch-I DISCO transactions, subject to applicable transaction requirements.

The Board also approved modifications to the transaction structure and restructuring plan for the privatisation of ZTBL. The revisions are in line with the Prime Minister's directions to maintain ZTBL's focus on agricultural and farmer financing following privatisation, ensuring continuity of its role in supporting Pakistan's agricultural sector.

In another key decision, the Board approved the selection of the consortium led by Deutsche Bank as the top-ranked Interested Party for appointment as Financial Adviser for the privatisation of State Life Insurance Corporation of Pakistan (SLIC). The Board also constituted a Negotiation Committee to finalise the Financial Advisory Services Agreement (FASA) with the consortium.

The Board reaffirmed its commitment to advancing the Government's privatisation programme through transparent, competitive and professionally managed transactions, aimed at attracting credible domestic and international investment, improving operational efficiency and service delivery, and maximising value for the Government and the people of Pakistan.
#IESCO #Privatisation #PowerSector #Pakistan #InvestorConfidence #PrivatisationCommission

[Ministry of Privatisation, Government of Pakistan @PrivComPakistan]

Nations don’t grow by doing everything. They grow by building on what they do best.

Speaking at the CEO Summit Islamabad, Adviser to the Prime Minister on Privatisation, Mr. Muhammad Ali, highlighted how China, Vietnam, Korea and Bangladesh leveraged their strengths to drive economic progress.

Countries that achieved sustained growth built on their existing strengths and stayed the course.

Pakistan, too, must identify its competitive strengths, focus on key sectors, and pursue consistent, long-term policies to turn potential into sustainable growth.

#PakistanEconomy #EconomicGrowth #Privatisation #CEOSummit #Investment #Exports #SustainableGrowth #EconomicDevelopment

[Ministry of Privatisation, Government of Pakistan @PrivComPakistan]

The Privatisation Commission (PC) values informed debate on DISCOs privatisation. It is important to clarify that the PC has not yet shared its model for DISCOs privatisation, so it is premature to comment on the model or its outcomes. The PC is working on a model in which the wire business will remain regulated with consumer protection at its core, whereas the supply business will be structured in a manner which leads to competition and consumer choice.
We will share our post-privatisation power sector reform proposals with all stakeholders by end-October 2026 and look forward to feedback and constructive criticism.
#DISCOsPrivatisation #DISCOReforms #PowerSectorReforms #ConsumerProtection #Competition #RegulatoryReform #Investment #PrivatisationCommission #PakistanPowerSector #InformedDebate #ConsumerInterest
@PakPMO @DPM_PK @LodhiMaleeha @81ShahbazRana @ighaznavi @magmmz

[Ministry of Privatisation, Government of Pakistan @PrivComPakistan]

*PC Board Advances Key Transactions*

At its 259th meeting, PC Board approved 9 prequalified parties for GEPCO’s privatisation.
The transaction now moves to the next stage.

It also advanced airport transactions and directed fast-tracking of HBFCL & ZTBL.

#Privatisation #GEPCO

[Ministry of Privatisation, Government of Pakistan @PrivComPakistan]

Prime Minister meets Citi group senior leadership in London.

[Prime Minister's Office @PakPMO]

Prime Minister Muhammad Shehbaz Sharif held a meeting with the senior leadership of Citi group in London, today.

[Ministry of Privatisation, Government of Pakistan @PrivComPakistan]

Prime Minister meets the Rothschild & Co. delegation.

[Prime Minister's Office @PakPMO]

Prime Minister Muhammad Shehbaz Sharif met delegation of Rothschild & Co. headed by Lord Mark Sedwill, Chair of Geostrategic Advisory in London, today.

[Ministry of Privatisation, Government of Pakistan @PrivComPakistan]

Prime Minister attends the Market Open ceremony at the London Stock Exchange.

[Prime Minister's Office @PakPMO]

Prime Minister Muhammad Shehbaz Sharif attending the Market Open ceremony at the London Stock Exchange, which also featured the unveiling ceremony for Pakistan’s $3 billion dual-tranche bonds listing.

[Ministry of Privatisation, Government of Pakistan @PrivComPakistan]

Group photo of the Prime Minister and delegation with CEO of London Stock Exchange.

[Prime Minister's Office @PakPMO]

Prime Minister Shehbaz Sharif in a group photo with CEO of London stock Exchange Mr David Schwimmer, Finance Minister Muhammad Aurengzeb and other members of Pakistani delegation in London, today.

[Ministry of Privatisation, Government of Pakistan @PrivComPakistan]

Prime Minister holds series of meetings with senior executives of global financial institutions.

[Prime Minister's Office @PakPMO]

Prime Minister Muhammad Shehbaz Sharif held a series of meetings today with senior executives from leading global financial institutions — Barclays, J.P. Morgan, Citi, BlackRock and Rothschild & Co — during his visit to the United Kingdom. The engagements underscored growing international financial sector interest in Pakistan's economic reform trajectory and improving investment climate.

Meeting Mr. Mohammad Kamal Syed, Head of Private Bank and Wealth Management UK at Barclays, the Prime Minister welcomed the bank's interest in Pakistan and briefed him on the government's macroeconomic stabilization measures, encouraging Barclays to explore opportunities in the country's financial sector.

With a high-level J.P. Morgan delegation led by Mr. Matthieu Wiltz, Co-CEO for EMEA JP Morgan, the Prime Minister discussed deepening the partnership across capital markets, trade finance, and investment banking, and invited the firm to expand its footprint in Pakistan. The delegation reaffirmed its interest in sovereign debt capital markets and corporate banking opportunities.

The Prime Minister also met a group of senior officials of Citi, led by Mr. David Livingstone, Chief Client Officer. Prime Minister commended the bank's long-standing presence in Pakistan and encouraged an expansion of its corporate and institutional banking services in the country.

In a meeting with a BlackRock delegation comprising Gordon Fraser and Sam Vecht, Co-Heads of Emerging Markets and Frontiers, and Emily Fletcher, Portfolio Manager and Research Analyst, the Prime Minister invited increased allocations to Pakistani equities and fixed income within the firm's frontier markets strategy, with both sides emphasizing the importance of sustained policy consistency in building investor confidence.

In a meeting with Rothschild & Co, represented by Lord Mark Sedwill, Chair of Geostrategic Advisory and Mr. Majid Ishaq, Head of UK Investment Banking, discussions centered on Pakistan's geo-economic priorities and potential advisory collaboration on capital markets and investment strategy.
Across all engagements, the visiting executives expressed confidence in Pakistan's economic reform momentum and reaffirmed their institutions' commitment to deepening engagement with the country's financial sector.

The meetings reflect the growing traction of Pakistan's economic reform program among the world's leading financial institutions, and mark a significant step in the government's broader effort to strengthen international investor confidence and attract sustained capital flows into the country.

Finance Minister Senator Muhammad Aurangzeb and Advisor to PM on Privatization and Chairman Privatization Commission Muhammad Ali were also present in the meetings.

[Ministry of Privatisation, Government of Pakistan @PrivComPakistan]

Federal Minister for Finance and the Adviser to the Prime Minister on Privatisation meet Standard Chartered Bank CEO in London.

[Ministry of Finance, Government of Pakistan @Financegovpk]

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb meets Standard Chartered Bank CEO Bill Winters in London

The Finance Minister appreciated SCB’s continued support to Pakistan and its cooperation in various financing and capital market transactions. The discussion included Pakistan’s ongoing structural reforms and the latest macroeconomic developments.

Future areas of collaboration between the Government of Pakistan and SCB were discussed, including tokenization, international Sukuk and other financing opportunities. SCB’s strong investor network across Europe, the Middle East and Asia can play an important role in facilitating continued investor outreach and enhancing market visibility for Pakistan.

Discussions also included potential capital market transactions to support the privatisation programme of the Government, covering opportunities on both the buy-side and sell-side. Advisor to the Prime Minister on Privatisation, Mr. Muhammad Ali, and Advisor to the Finance Minister, Mr. Omer Khan, were also present in the meeting.