Federal Government gears up for privatization of PESCO
From the Blog pakteahouse *Story by Wahab Tariq Butt* * Hong Kong* Privatization commission of Pakistan today gave advertisement in China Daily and various other Hong Kong newspapers inviting expression of interest from Chinese/Hong Kong financial advisory consortiums to provide financial advisory services to government of Pakistan about privatisation of Peshawar Electric Supply Corporation. According to the advertisement that was published in China Daily, the objective of the government is to divest various power sector generation and distribution assets to allow activities to be undertaken by private sector and improve efficiency of Pakistan’s power sector through competition, accountability, managerial autonomy and profit incentives. It is worth noting that line losses in PESCO are greater than 30% pakistanblogs.blogspot.comRead Full Post
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