Islamabad- The government has decided to privatize 6 power companies on priority basis including LESCO and PESCO.
According to sources Cabinet committee for privatization has decided to include 2 power production companies as well as 4 power supply companies that include Lahore Electricity Supply Company (LESCO), Peshawar Electricity Supply Company (PESCO),  Multan Electricity Supply Company (MESCO) and Quetta Electricity Supply Company (QESCO) in the list of power companies to be privatized.
These companies would be handed over to the private sector on priority basis.
This measure is part of government initiatives to reform the energy sector as well as improving the performance of the companies and to provide cheap electricity for relief of masses and also for getting rid of the circular debt.