10 of 12 parties prequalified for Fesco privatisation, K-Electric withdraws

ISLAMABAD: The Privatisation Commission Board on Friday approved the prequalification of 10 out of 12 interested parties (IPs) for the sale of Faisalabad Electric Supply Company (Fesco), after K-Electric (KE) withdrew its papers and a lone Chinese firm failed to demonstrate sufficient interest in the competition. The development came after Prime Minister Shehbaz Sharif directed the relevant authorities to adopt a “comprehensive strategy” earlier this month to attract international investors f...

By [email protected] (Khaleeq Kiani)