Pakistan signs deal to privatize three electricity firms in a push for efficiency and sustainability.

Pakistan's Privatisation Commission has signed an agreement with a consortium led by Alvarez & Marsal Middle East Limited to privatize three key electricity distribution companies in Faisalabad, Gujranwala, and Islamabad. This move aims to improve efficiency, reduce losses, and ensure long-term sustainability in the power sector through private sector investment. The agreement marks a significant step in the government's energy sector reforms.

5 weeks ago
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