Pakistan, Aug. 8 -- Pakistan's Privatization Commission announced on Friday that it has received Expressions of Interest (EOIs) from 12 local and international investors, among them Turkish and Chinese companies, for acquiring a stake in the Faisalabad Electric Supply Company (FESCO).

Pakistan invited EOIs from investors seeking to acquire 51 percent to 100 percent stakes in three state-owned electricity distribution companies, including FESCO, in May.

Pakistan has been pushing to implement power sector reforms under an International Monetary Fund-backed economic stabilization program that aims to reduce losses, improving recoveries, and tackle the chronic circular debt that has strained public finances for years.

The Privatization Com...