Pakistan, June 20 -- The Privatisation Commission has taken key steps to boost reforms by starting the process to appoint financial advisers for four power distribution companies and two power generation plants. At the same time, it received strong interest from eight parties for managing Pakistan International Airlines Corporation Ltd (PIACL).

This move aims to speed up privatisation and encourage private sector participation, which will improve efficiency and reduce the government's financial burden. During its recent meeting, the commission approved hiring advisers for Hyderabad Electric Supply Company (Hesco), Sukkur Electric Power Company (Sepco), Peshawar Electric Supply Company (Pesco), and Hazara Electric Supply Company (Hazeco)....