Lahore: Fast Cables Limited has announced its participation in a consortium aiming to bid for the privatization of the Gujranwala Electric Power Company (GEPCO), as outlined in a report dated August 24, 2026. The consortium, which includes Fast Cables Limited, AKD Securities Limited, AJCL (Private) Limited, and Mughal Iron & Steel Industries Limited, has been formed to respond to the Request for Statement of Qualification (RSOQ) issued by the Privatization Commission.

The Board of Directors of Fast Cables Limited has approved the company's involvement in the consortium, which has irrevocably designated AKD Securities Limited as the Lead Consortium Member. AKD Securities, through its Authorized Representative, has been given the authority, with the power to sub-delegate, to manage all business activities on behalf of the consortium during the privatization process.

As of now, Fast Cables Limited has not undertaken any binding commitments related to the transaction. The process is contingent upon pre-qualification by the Privatization Commission and the acquisition of all necessary corporate and regulatory approvals. According to information available from the Pakistan Stock Exchange (PSX), the consortium's participation in the privatization effort marks a significant step for Fast Cables Limited and its partners in the energy sector.

Fast Cables Limited has assured stakeholders that it will keep the exchange informed of any material developments regarding the transaction. The company's registered address is located at 192 Y, Commercial Area, DHA Phase III, Lahore, Pakistan, with Afshan Ghafoor serving as the Company Secretary. The contact number provided for further inquiries is +92 334 4032025.

As the consortium prepares for the next stages of the privatization process, stakeholders and market observers will be closely monitoring developments, given the strategic importance of GEPCO within the domestic energy market.