Saturday, June 7, 2025
-Advertisement-

Cabinet Greenlights Privatization and Restructuring of 13 Entities in Power Sector

- Advertisement -

The federal cabinet has authorized the privatization of 13 entities under the Power Division, which includes nine power distribution companies and power generation companies (GENCOs). Additionally, six entities within the Power Division, including Power Holding Limited and Central Power Purchasing Agency, have been designated as ‘nationally important.’

The cabinet has also approved the restructuring of four Power Division entities, namely the Quetta Electric Supply Company, Tribal Electric Supply Company, NTDC, and NESPAK. Notably, the Quetta and Tribal Electric Supply Companies have been excluded from the privatization plan and will be restructured instead.

- Advertisement -

Furthermore, the National Energy Efficiency and Conservation Authority (NICA) and the Civil Power and Infrastructure Board (PPIB) have been recognized as statutory bodies under the new plan.

- Advertisement -

Stay updated with the latest and breaking news directly on your mobile phone by joining Headline PK's WhatsApp group!

 

 

Latest stories

-Advertisement-

Highlights of the Week
Related

Pakistan to Witness Nearly 7 Million Animal Sacrifices on Eid-ul-Adha

Pakistan is expected to witness the sacrifice of more...

foodpanda prioritizes rider well-being with successful Safety & Health Week

foodpanda, Pakistan’s leading online delivery platform, recently concluded its...

AI with a Human Touch: The Next Step for Pakistani Banking Industry

No one likes standing in long lines, filling endless...

Spotify’s Fresh Finds Celebrates a Decade of Discovering Breakout Talent

Spotify has announced a major milestone for 2025 -...
-Advertisement-
Join our Whatsapp Group for Exclusive News!
Join our Whatsapp Group for Exclusive News!