Pakistan's Privatisation Commission has received 12 expressions of interest from prospective investors seeking a controlling stake in the Faisalabad Electric Supply Company (FESCO).
The pool of bidders includes three firms from Türkiye, one from China, and eight domestic Pakistani companies, according to reports from Brecorder.
The development marks a significant step in the government's broader strategy to divest state-owned enterprises and attract foreign capital into the country's energy sector.
FESCO, a key utility provider in Punjab, has been on the privatisation list as Islamabad seeks to reduce fiscal burdens and improve operational efficiency in the power distribution network.
The participation of Turkish and Chinese entities underscores the geopolitical and economic dimensions of Pakistan's privatisation drive.
Chinese investors have previously expressed confidence in the Pakistan Stock Exchange, while Turkish firms have been active in regional infrastructure projects.