---
title: "Sapphire Fibres joins race for IESCO privatisation"
description: "Most outlets reported that Sapphire Fibres has entered the privatisation process for IESCO. Business Recorder highlighted the company’s board approval and its participation in the process, while Profit added context about the company’s previous interest in FESCO and the government’s offer of full stake with management control."
url: https://harzaviya.com/stories/9283-sapphire-fibres-enters-race-for-iesco-privatisation
site: HarZaviya
language: en
---

# Sapphire Fibres joins race for IESCO privatisation

business · updated 18 Sep 2026, 9:51 PM PKT · 18 Sep 2026 · 2 articles from 2 outlets

**HarZaviya summary** — how 2 outlets covered this, generated automatically from their headlines and excerpts:

> Most outlets reported that Sapphire Fibres has entered the privatisation process for IESCO. Business Recorder highlighted the company’s board approval and its participation in the process, while Profit added context about the company’s previous interest in FESCO and the government’s offer of full stake with management control.

## Same story from 2 outlets

Each outlet's own headline, most recent first — read any at its source.

- **Profit** — [Sapphire Fibres enters race for IESCO privatisation](https://profit.pakistantoday.com.pk/2026/09/18/sapphire-fibres-enters-race-for-iesco-privatisation) · 18 Sep 2026, 9:51 PM PKT
  > Company expands interest in power distribution sector after joining FESCO process; government offering up to 100% stake with management control
- **Business Recorder** — [Pakistani textile firm Sapphire Fibres joins race for IESCO privatisation](https://www.brecorder.com/news/40440145/pakistani-textile-firm-sapphire-fibres-joins-race-for-iesco-privatisation) · 18 Sep 2026, 4:37 PM PKT · 82% identical wording to the newest filing
  > Sapphire Fibres Limited’s board has approved the company’s participation in the privatisation process of Islamabad Electric Supply Company (IESCO). The listed textile manufacturer disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Friday. “Sapphire Fibres Limited obtained the Request for Statement of Qualification as amended or supplemented from time to time (RSOQ) is...

## Part of a bigger story

Other stories whose coverage resembles this one, nearest first. "% related" compares whole stories, not single articles — see [what the percentages mean](https://harzaviya.com/methodology).

- [Sapphire Fibres enters bidding for FESCO privatisation](https://harzaviya.com/stories/2055-nishat-led-consortium-enters-race-to-acquire-fesco) · 7 Aug 2026 · 2 outlets · 2 developments · 78% related
- [IESCO privatisation attracts 10 investor groups from Pakistan and abroad](https://harzaviya.com/stories/9797-iesco-privatisation-draws-10-investor-groups) · 22 Sep 2026 · 10 outlets · 75% related
- [Privatisation Commission prequalifies 10 bidders for IESCO sale](https://harzaviya.com/stories/15912-privatisation-commission-prequalifies-10-parties-for-iesco) · 23 Oct 2026 · 9 outlets · 74% related
- [Privatisation Commission extends deadline for IESCO privatisation EOI](https://harzaviya.com/stories/5342-investors-get-more-time-to-bid-for-iesco-stake-as-deadline) · 30 Aug 2026 · 8 outlets · 2 developments · 71% related
- [FESCO privatisation receives multiple expressions of interest](https://harzaviya.com/stories/2202-fesco-sale-attracts-12-investors-from-pakistan-china) · 8 Aug 2026 · 9 outlets · 2 developments · 71% related

2 articles from 2 outlets, 18 Sep 2026. Headlines and links belong to their outlets — HarZaviya links out and never copies article text.

---

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