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IESCO backs transfer of assets, liabilities to PHL ahead of sell-off

ISLAMABAD: Islamabad Electric Supply Company (IESCO) has given its no-objection to the government’s plan to transfer selected assets, liabilities and pension obligations to Power Holding Limited (PHL) as part of a restructuring exercise aimed at facilitating privatisation of the distribution company. In a letter to one of its creditors titled “Reconstruction of Islamabad Electric Supply Company…

First reported by Business Recorder 1 source
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Image: Business Recorder
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  1. Business Recorder

    IESCO backs transfer of assets, liabilities to PHL ahead of sell-off (opens Business Recorder in a new tab)

    ISLAMABAD: Islamabad Electric Supply Company (IESCO) has given its no-objection to the government’s plan to transfer selected assets, liabilities and pension obligations to Power Holding Limited (PHL) as part of a restructuring exercise aimed at facilitating…

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