Privatisation Commission says 10 investors submitted interest for IESCO stake sale
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What happened
The Privatisation Commission announced that 10 prospective buyers submitted expressions of interest for the proposed sale of 51% to 100% of Islamabad Electric Supply Company, with three bidders from Turkiye and seven from Pakistan.
Why it matters
Investor interest is an early signal that the IESCO sale can proceed to the next transaction stages, including qualification, due diligence and bid structuring. For Pakistan, progress on a distribution-company sale would add evidence that state-asset disposals remain feasible despite political and regulatory constraints.
Pakistan's Privatisation Commission said on September 21 that it received expressions of interest from 10 prospective buyers for the proposed privatisation of Islamabad Electric Supply Company (IESCO), including three Turkish and seven local parties. The sale structure on offer was described as 51% to 100% shareholding. The announcement gives the government a live test of whether its power-distribution privatisation pipeline can move from policy intent to transaction execution and generate future non-tax receipts.
Watch for
Privatisation Commission of Pakistan release of the pre-qualification criteria or EOI evaluation outcome by 2026-09-25 Cabinet Committee on Privatisation agenda or decision on IESCO transaction structure between 2026-09-22 and 2026-09-25 National Electric Power Regulatory Authority acknowledgement of any licence-transfer or ownership-change filing related to IESCO by 2026-09-25 Power Division statement on labour, tariff, or liability ring-fencing terms for the IESCO sale by 2026-09-25
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