The Pakistani government is attempting to privatize three power distribution companies (Discos) and is offering potential buyers a guaranteed 20 percent internal rate of return to attract investment. This move is part of a broader effort to address the country’s circular debt crisis and improve the efficiency of the power sector, currently burdened by significant losses. The government aims to complete the privatization process by June, with initial expressions of interest already received. Concerns remain regarding the Discos’ substantial debt and operational inefficiencies, which may deter some investors despite the high return promise. Officials believe private sector involvement will lead to better management and reduced reliance on taxpayer funds. The privatization plan is a key requirement of the International Monetary Fund (IMF) for the continuation of a bailout package. The government hopes this initiative will unlock much-needed foreign investment and stabilize Pakistan’s energy infrastructure.