ISLAMABAD, August 11, 2026: Pakistan’s Privatisation Commission Board has approved key steps for outsourcing Allama Iqbal International Airport Lahore and Jinnah International Airport Karachi, while also advancing the privatisation of LESCO and MEPCO.
The decisions were taken at the board’s 257th meeting, chaired by Muhammad Ali, Adviser to the Prime Minister on Privatisation and Chairman of the Privatisation Commission.
EY-Parthenon-Led Consortium Tops Airport Advisory Process
The board approved a consortium led by EY-Parthenon as the top-ranked interested party for appointment as financial adviser for the outsourcing of Lahore and Karachi airports.
The selection followed a competitive process, while a negotiation committee has also been formed to finalise the Financial Advisory Services Agreement (FASA) with the successful consortium.
The advisory appointment is expected to support the next stage of the government’s airport outsourcing programme.
LESCO, MEPCO Declared Major Privatisation Transactions
The board also classified the privatisation of Lahore Electric Supply Company (LESCO) and Multan Electric Power Company (MEPCO) as major transactions.
The designation means financial advisers will now be appointed for both power distribution companies in line with Privatisation Commission regulations.
Following the approval, the commission will begin the process of hiring a financial adviser for the LESCO and MEPCO transactions.
Fourth Batch of DISCOs Enters Privatisation Process
LESCO and MEPCO form the fourth batch of power distribution companies identified by the government for privatisation.
According to the commission, privatisation work involving the three earlier DISCO batches is already under way.
The Privatisation Commission said it would continue moving ahead with the government’s privatisation programme through competitive and professionally managed transactions, with a focus on transparency, accountability and maximising value for the state.
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