PC Board Approves Key Transactions Across Power, Aviation & Financial Sectors
ISLAMABAD, (APP - UrduPoint / Pakistan Point News - 5th Oct, 2026) The Privatization Commission (PC) board on Monday considered and approved key measures to advance ongoing privatization transactions across the power, aviation, and financial sectors.
Key Decisions:
Power Sector:
- Prequalification of nine Interested Parties (IPs) for the privatisation of Gujranwala Electric Power Company (GEPCO).
- Eleven Expressions of Interest (EOIs) were received for GEPCO, ranging from 51% to 100% shareholding and management control.
- Nine IPs, including Turkish energy companies and Pakistani business groups, were prequalified based on meeting approved criteria.
- K-Electric withdrew its EOI, while Al Sharif Contracting & Commercial Development Co. Ltd. failed to provide required documents.
Aviation Sector:
- Reconstitution of the Negotiation Committee for the outsourcing/concession of Allama Iqbal International Airport, Lahore; Jinnah International Airport, Karachi; and Islamabad International Airport.
Financial Sector:
- Reviewed progress on transactions for House Building Finance Company Limited (HBFCL) and Zarai Taraqiati Bank Limited (ZTBL), urging Transaction Advisers to fast-track processes.
General:
The board reaffirmed its commitment to advancing the Government’s privatization agenda.