Pakistan, May 20 -- The Privatization Commission, has formally invited Expressions of Interest (EOIs) from local and international investors for the privatization of three major electricity distribution companies (DISCOs) including Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO), and Islamabad Electric Supply Company (IESCO).

The transaction offers investors the opportunity to acquire between 51 percent and 100 percent shareholding together with management control in each of the three distribution companies, said a press release issued by the Privatisation Commission here on Tuesday.

The initiative forms part of the government's broader economic reform agenda aimed at improving efficiency, strengthe...