Advisor to Finance Minister, Khurram Schehzad, says several domestic and international investors have expressed interest in acquiring a majority stake in Faisalabad Electric Supply Company. 

In a post on X, he said the Privatization Commission received expressions of interest for a fifty-one percent stake in FESCO from three Turkish companies, one Chinese company and Pakistani business groups.

Khurram Schehzad said the move reflects growing investor interest in the country’s efforts to reform its power sector.

Faisalabad Electric Supply Company is among several distribution companies being considered for privatization, alongside Gujranwala Electric Power Company and Islamabad Electric Supply Company.