Pakistan taps Alvarez & Marsal to privatize three Discos
Consortium includes iConsult, Yousuf Adil Chartered Accountants, Vellani & Vellani, PPI Pvt Ltd, and NEOS Group Inc
By Israr Khan
February 12, 2025
ISLAMABAD: Pakistan’s Privatisation Commission on Tuesday signed a Financial Advisory Services Agreement (FASA) with a consortium led by M/S Alvarez & Marsal Middle East Limited to facilitate private sector participation in three key power distribution companies.
The consortium includes International Consulting Associates (Pvt) Limited (iConsult), Yousuf Adil Chartered Accountants, Vellani & Vellani, Power Planners International Pvt. Ltd., and NEOS Group Inc. The agreement covers the privatisation of Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO), and Islamabad Electric Supply Company (IESCO), marking a significant step in the government’s broader energy sector reforms.
-
Strait Of Hormuz Turmoil: Gulf Shipping Crisis Raises Fears Of Global Food Price Shock -
Sarah J Maas Makes Exciting Announcement For ‘Acotar’ Series -
Teyana Taylor Makes Shocking Claim About 'One Battle After Another': 'Very, Very Real' -
Qatar Airways To Operate Relief Flights From Muscat And Riyadh For Stranded Travelers Amid Global Turmoil -
2026 Pro-Human AI Declaration: How Humanity Can Control Artificial Intelligence -
Lewis Hamilton Vows To 'put More Work In' As He Gears To Return For 2026 Formula 1 Season -
Sarah Ferguson Watches Beatrice, Eugenie Struggle For Parents: ‘She Could Finally Release It’ -
Father Takes Major Action Against Google Over Son’s Death -
Everything We Know About Michael Sheen’s 'You Told Us To Talk About The Weather' -
Jodie Sweetin Breaks Silence On Her Bond With Candace Cameron Bure: 'Not Gonna Hug' -
Indonesia Slams Meta Over Rising Disinformation And Online Gambling Content -
Rockstar Pulls GTA 6 From Store After Surprise Leak: Here’s Why -
Brooklyn Beckham Reacts Negatively To Birthday Tributes From David, Victoria -
Nicola Coughlan Makes Major Claim Over ‘plus Size’ Label -
Senate Prioritizes Housing As Crypto Bill Hits New Impasse, Stalling Trump’s ‘Clarity Act’ Agenda -
China Unveils ‘childbirth-friendly Society’ Plan To Reverse Demographic Decline