KESC privatization challenged in Supreme Court

Category: KESC

KESC privatization challenged in Supreme Court
ISLAMABAD (February 27, 2012) : A petition was filed in the Supreme Court Monday, challenging the privatisation of Karachi Electric Supply Company (KESC) with a plea to reverse the sale of the biggest power company since it failed to fulfil all the contractual obligations at the cost of the general public and the business community.

KESC Privatisation Challenged in SC

In November 2005, a total of 71 percent shares of the KESC were transferred to a consortium of the Saudi Al-Jomaih Group of Companies and Kuwait National Industries Group (NIG), with the government still retaining 26 per cent stake.

Sindh High Court Stay Order against KESC Workers layoff/termination

Syed Mehmood Akhtar Naqvi, a social worker and vice-chairman of the United Human Rights Commission of Pakistan, filed the petition.

Related Articles

One thought on “KESC privatization challenged in Supreme Court

  1. Liaqat Ali

    Kesc management not accepted the SHC order and stop the salary with medical of 1000 employees who does not accepted the VSS.

    This information for SHC officials


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.