Government to transfer assets to power distribution companies

After appointing boards of directors of electricity distribution companies, the federal government has decided to transfer their assets to the managements in order to give autonomy to state-run units.
A summary for sale of 10 per cent shares of the Islamabad Electric Supply Company (IESCO) through stock markets will also be presented in the next meeting of the board of directors of the exchange, in order to move towards self-reliance and avert being a burden on public funds.

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