Govt extends IESCO EOI submission deadline to Sept 21

Business Recorder reported that the Privatisation Commission has pushed back the closing date for expressions of interest in the planned sale of IESCO, the Islamabad power distributor. Submissions are now due by September 21, 2026 at 4:00 PM PKT. The commission's spokesperson said the change is meant to draw more local and foreign investors and make the process fairer and more open.

The government wants private investors to take between 51% and 100% of the share capital, along with management control, in three distribution firms: FESCO, GEPCO and IESCO. According to the spokesperson, the extra time lets prospective buyers complete due diligence before filing their EOIs. Apart from the date, every other condition of the EOI process stays the same.

Separately, IESCO said it reached 100% of the goals set by Prime Minister Shehbaz Sharif and Energy Minister Sardar Awais Ahmad Khan Leghari. Its line losses dropped from 8.75% to 7.6% across two recent financial years, according to the company. These statements were issued days before the commission announced the extension.