Lahore, August 6, 2026: Lalpir Limited (formerly Lalpir Power Limited) has informed the Pakistan Stock Exchange (PSX) that its Board of Directors has approved the company’s participation in a consortium formed to pursue the proposed privatization of Faisalabad Electric Supply Company (FESCO).
According to the company’s material information notice, Lalpir Limited has received the Request for Statement of Qualification (RSOQ), issued by the Privatization Commission for the proposed divestment of FESCO through the privatization process. Following this development, the company has agreed to become a consortium member in the transaction.
The consortium includes several prominent companies from the Nishat Group and associated entities, namely Pakgen Limited (formerly Pakgen Power Limited), Nishat Mills Limited, Nishat Power Limited, Nishat Chunian Power Limited, Kohinoor Energy Limited, and Pak Elektron Limited. As part of the arrangement, Lalpir Limited has authorized Pakgen Limited to act as one of the consortium members and designated lead representative to conduct business on behalf of the consortium during the privatization process.
The company clarified that its participation does not currently create any binding obligation regarding the proposed transaction. The privatization remains subject to pre-qualification by the Privatization Commission, along with the completion of all necessary corporate and regulatory approvals.
Lalpir Limited further stated that it will continue to keep the Pakistan Stock Exchange informed of any significant developments related to the proposed FESCO privatization. The announcement reflects the company’s interest in participating in one of Pakistan’s major privatization initiatives while emphasizing that the process remains at a preliminary stage.
