Saturday, April 26, 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

Sindh Declares May 1 Public Holiday for Labour Day

The Sindh government has announced a public holiday on...

IPAK Group Posts Strong Q3 Results

International Packaging Films Limited (IPAK) Group has recorded 66%...

Rice exports hit by goods transporters’ strike, $20 million loss, Government must act immediately: Rafiq Suleman

The nationwide strike by goods transporters has also adversely...

Telenor Pakistan Joins Hands with Cricket Star Ahmad Shahzad to Deliver Youth-Centric Digital Content

Telenor Pakistan has entered a strategic content partnership with...
-Advertisement-
Join our Whatsapp Group for Exclusive News!
Join our Whatsapp Group for Exclusive News!