PAC seeks delay in power companies' privatisation over Rs624 billion in unvalued assets

Pakistan’s Public Accounts Committee wants the planned January sale of state-run electricity companies put on hold. Profit by Pakistan Today reported that auditors identified Rs624.47 billion in company property and equipment whose recorded values had not been updated.

The issue arose as the committee reviewed Power Division audit findings for 2024-25. Auditors also said the companies had not marked their assets as required by NEPRA, while the Auditor General cautioned that stale figures could misrepresent the firms’ accounts and financial standing. PAC Chairperson Shahida Begum said assets need current valuations and proper classification before the sale advances. The committee has set another review in three weeks and asked the Privatisation Commission and Power Division to provide detailed reports.