HESCO approves 325 promotions, upgrades worth Rs8.7bn

Summary ISLAMABAD: The Privatisation Commission has issued a No Objection Certificate (NOC) allowing the Hyderabad Electric Supply Company (HESCO) to proceed with 241 employee promotions and 84 time-scale upgradations, covering a total of 325 positions. According to an official letter issued on September 3, 2026, by Privatisation Commission Adviser (Power) Sajid Akram, the approval was granted on the recommendation of the Power Division. Of this amount, Rs5,688.700 million has been attributed to the 241 promotions, while Rs2,946.108 million relates to 84 time-scale upgradations. AI Generated Summary ISLAMABAD: The Privatisation Commission has issued a No Objection Certificate (NOC) allowing the Hyderabad Electric Supply Company (HESCO) to proceed with 241 employee promotions and 84 time-scale upgradations, covering a total of 325 positions. According to an official letter issued on September 3, 2026, by Privatisation Commission Adviser (Power) Sajid Akram, the approval was granted on the recommendation of the Power Division. The approved measures are expected to carry an annual financial impact of Rs8,715.814 million. Of this amount, Rs5,688.700 million has been attributed to the 241 promotions, while Rs2,946.108 million relates to 84 time-scale upgradations. HESCO had initially submitted its request to the relevant authorities through a letter dated June 2, 2026. The Power Division subsequently forwarded the proposal to the Privatisation Commission on June 8 for consideration. The commission's approval is subject to completion of all applicable legal and codal requirements, along with compliance with relevant human resources rules and regulations. Implementation will therefore depend on HESCO completing the required procedures and making the necessary budgetary arrangements. The development comes as the government continues to pursue reforms in power distribution companies ahead of proposed privatisation measures. Officials believe the promotions and upgradations could improve employee morale and strengthen administrative capacity within HESCO. The official NOC confirms the annual financial implication at Rs8.715 billion, despite a separate Urdu summary circulating with a substantially lower figure of Rs7.73 million per year. The final implementation will be undertaken by HESCO management after completion of the prescribed legal, HR and financial formalities.