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K-ELECTRIC ANNOUNCES 9-MONTH RESULTS; NEPRA APPROVAL CRITICAL FOR CONTINUITY OF INVESTMENT
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SAMAA - Karachi to receive additional 450MW of electricity this summer: minister
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A Saudi group that had originally bought the Karachi Electricity Supply Corporation, now called K-Electric, in 2005 has re-entered the scene amid an impasse over the future of the power utility’s business relations with the government. Photo courtesy K-Electric website/File
ISLAMABAD: A Saudi group that had originally bought the Karachi Electricity Supply Corporation, now called K-Electric, in 2005 has re-entered the scene amid an impasse over the future of the power utility’s business relations with the government following the downfall of Abraaj Capital chief Arif Naqvi.
The owner of the Aljomaih Holding Company of Saudi Arabia, Shaikh Abdulaziz Hamad Aljomaih, spent a hectic day here after his early morning arrival. He held separate meetings with President Arif Alvi, Prime Minister Imran Khan, ministers for finance, energy and privatisation and some other important stakeholders.
Saudi Business Tycoon Comes to Pakistan to Resolve KE Payment Issues
The owner of the Aljomaih Holding Company of Saudi Arabia that had originally bought the Karachi Electricity Supply Corporation, (now called ‘K-Electric’) in 2005, arrived in Pakistan on Monday, Dawn News reported.
Shaikh Abdulaziz Hamad Aljomaih’s visit is aimed at resolving K-Electric’s issues about outstanding dues and new challenges in the wake of the arrest of the Abraaj Capital Chief, Arif Naqvi, in London, for the misappropriation of securities funds.
Sheikh Aljomaih held separate meetings with President Arif Alvi, Prime Minister Imran Khan, the ministers for Finance, Energy, and Privatization, and other stakeholders to resolve the aforementioned issues.
Saudi tycoon in Pakistan to end impasse over KE sale - Newspaper
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