Senate panel seeks halt to Discos privatisation, says matter must go to Council of Common Interests
Dawn • • 1 min read

A Senate sub-committee on devolution has urged a halt to the privatisation of Discos, the power distribution companies, according to Dawn. The panel told the Privatisation Commission to refer the matter to the Council of Common Interests, warning of a privilege motion if the process moves ahead without fresh approval.
The sub-committee argued that Discos carry out provincial functions, so the arrangement must either win approval from provincial assemblies or be handed to the provinces. It also called for transparency, citing doubts raised by the Steel Mills and PIA sales, and asked that all matters affecting provinces go before the CCI.
Chairman Zamir Hussain Ghumro also put federal spending at about Rs19 trillion against Rs20 trillion in total tax and non-tax revenue, calling for a constitutional audit of the government's size. He further directed the Auditor General and the Controller General of Accounts to submit audited spending on CCI and provincial matters over the past 16 years.
At a glance
- Senate sub-committee wants Discos privatisation halted until the Council of Common Interests considers it.
- The panel says Discos perform provincial functions that need provincial assembly approval or transfer to provinces.
- Federal spending is put at about Rs19 trillion against Rs20 trillion in total tax and non-tax revenue.
Originally reported by Dawn
This page is Investify's own summary. The full report, with all details and context, is on the publisher's site.
Read the full storyWant the full article here?
Log in to read the full article in the Investify reader, in English or Urdu.
Investify summarizes Pakistan Stock Exchange news in its own words and links each story to its original publisher. We always credit the source so you can read the full report and verify the details before making financial decisions.
More PSX market news
Pakistan, Saudi Arabia investors launch fund to boost trade, investmentDawn• 9 Nov 2026
Oil slides as Trump signals restraint on Iran despite fresh shipping attacksBR• 9 Nov 2026
China extends US trade truce by two monthsTribune• 9 Nov 2026
Copper rebounds on firmer risk sentiment and tight supply in ChinaBR• 9 Nov 2026
Indian shares inch higher to close at 8-month high as crude oil dropsBR• 9 Nov 2026
Gold price in Pakistan rises Rs3,200 per tolaMettis• 9 Nov 2026

