March 18, 2018 2:45 AM ET

Electric Utilities

Company Overview of Lahore Electric Supply Company Limited

Company Overview

Lahore Electric Supply Company Limited engages in the distribution of electricity in Pakistan. Lahore Electric Supply Company Limited was formerly known as Lahore Area Electricity Board and changed its name in March 1998. The company is based in Lahore, Pakistan.

22/A Queens Road

Lahore,  53400


Founded in 1998


92 42 920 4801


92 42 920 4803

Key Executives for Lahore Electric Supply Company Limited

Finance Director
General Manager of Operations
General Manager of Technical
Legal Director and Company Secretary
HR Director
Compensation as of Fiscal Year 2017.

Lahore Electric Supply Company Limited Key Developments

Pakistan Scales Back Planned Privatization Transactions

The government has developed a plan to sequence the capital market and pre-privatization restructuring for ten companies, Oil and Gas Development Co., Ltd. (KASE:OGDC), Pakistan Petroleum Ltd. (KASE:PPL), Mari Petroleum Company Ltd (KASE:MARI), Government Holdings (Private) Limited, Habib Bank Limited (KASE:HBL), United Bank Ltd. (KASE:UBL), Allied Bank Limited (KASE:ABL), National Bank Limited (KASE:NBP), State Life Insurance Corporation of Pakistan Limited for block sales and primary or secondary public offerings. the government revisited its plans for privatising Faisalabad Electric Supply Company Limited and other DISCOs and decided to move ahead with an Initial Public Offering (IPO) for a minority share in FESCO by November, 2016 to be followed by Islamabad Electric Supply Company Limited and Lahore Electric Supply Company Limited. The government also committed to disinvesting Kot Addu Power Co. Ltd. (KASE:KAPCO), a large power generation company, and to solicit expressions of interest by July 15, 2016 (new structural benchmark in lieu of completing the bidding process for FESCO by June, 2016. SLIC bill was subsequently approved by the National Assembly in May, 2016. The government will conduct the Initial Public Offering of SLIC by end-March, 2017 and will offer the first option for the government's shares in Mari Petroleum Company Limited (MPCL) to the parties who have been MPCL's other shareholders since incorporation, aiming at finalising this process by end-August, 2016.

Privatization Of Public Entities On Halt

The government of Pakistan has put on hold privatization of ailing public sector entities due to political opposition and labour unrest. The privatization of Pakistan International Airlines Corporation (KASE:PIAA) (PIA), Pakistan Steel Mills (PSM), Faisalabad Electric Supply Company Limited, Lahore Electric Supply Company Limited and Islamabad Electric Supply Company Limited could not materialized on time, as had been committed with International Monetary Fund. Sources in the Ministry of Finance said that the privatization of public sector entities like PIA and PSM would make progress in the next financial year. Meanwhile, privatization of Northern Power Generation Company Limited, Jamshoro Power Company Limited, Lakhra Power Generation Company Limited and Central Power Generation Company Limited, Kot Addu Power Co. Ltd. (KASE:KAPCO) and SME Bank Ltd. are in the pipeline.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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