Tenders Closes 31 Oct 2026
Corrigendum: RSOQ for Privatization of FESCO, GEPCO & IESCO – Financial Statements Amendment
Corrigendum · Lahore · The News International,
Tender advertisement published in The News International on Sunday, 26 July 2026, listed under Lahore. Issued by Corrigendum. The last date printed on the advertisement is Saturday, 31 October 2026.
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Issuer: Privatisation Commission, Government of Pakistan. Purpose: Corrigendum / Addendum (I) to the Request for Statement of Qualification (RSOQ) and Expression of Interest (EOI) for the privatisation of Batch-I DISCOs (FESCO, GEPCO & IESCO).
The Privatisation Commission published the original EOI on 19 May 2026 and has issued the following amendment to the RSOQ definition and minimum requirement for financial statements.
| Key Item | Details |
|---|---|
| Affected Entities | Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO) and Islamabad Electric Supply Company (IESCO) |
| Amendment Summary | The minimum requirement still includes the last three (3) years audited financial statements, with the latest not older than the financial year ended 30 June 2025. If an entity has financial statements for a year ending after 30 June 2025 that are not yet audited, those statements may be submitted as management accounts together with the last three audited financial statements, provided an auditor's letter confirms when the audit will be completed and the audited statements are submitted no later than 2026-10-31. |
| Financial Statements Must Include | Statement of financial position; statement of profit or loss and other comprehensive income (or income & expenditure for not-for-profit); statement of changes in equity; statement of cash flows; notes including accounting policies and explanatory information; comparative information; and any other prescribed statements. Audits must be by firms with satisfactory Quality Control Review (QCR) rating or recognized equivalent. |
| Submission / Audit Deadline | Audited financial statements (if management accounts submitted) must be provided not later than 2026-10-31. |
| Other Terms | Except for this amendment, all other terms and conditions of the RSOQ remain unchanged. |
| Where to Download RSOQ | https://privatisation.gov.pk/Batch-I-DISCOs-EOI and www.privatisation.gov.pk |
| Contact | Email: [email protected]. Privatisation Commission phone numbers shown on the notice for enquiries. |
Interested parties should review the amended RSOQ on the Privatisation Commission website and comply with the revised financial statement submission requirements.
Published in The News International on Sunday, 26 July 2026. DailyAds.pk indexes newspaper advertisements; the original notice and the issuing organisation remain the source for final terms and eligibility.
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