ISLAMABAD: Pakistan on Monday engaged the International Finance Corporation (IFC) of the World Bank as transaction adviser for inducting private investors in the installation of 10 million smart meters across all electricity distribution companies (Discos). The Ministry of Energy (Power Division) had announced a large-scale rollout of smart meters across Discos in October 2025. On Monday, the Power Division said it has signed a Transaction Advisory Services Agreement (Tasa) with the IFC, a member of the World Bank Group. Under this agreement, the IFC will act as transaction advisor and conduct a comprehensive techno-commercial assessment for a service-provider model or public-private partnership framework to support the large-scale rollout of smart metering infrastructure for 10m single-phase connections. The initiative was intended to attract local and international investors to install, maintain, and operate the infrastructure, thereby advancing Pakistan’s digital transformatio...