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Govt assures K-Electric of support
The chairman briefed the finance minister about operations of K-Electric as the main power utility
Says it will create competition, end monopoly enjoyed by K-Electric. PHOTO: REUTERS
ISLAMABAD:
K-Electric Chairman Shan Ashary, along with board of directors member Khaqan Khan and CEO Syed Moonis Abdullah Alvi, called on Federal Minister for Finance and Revenue Shaukat Tarin on Tuesday. The chairman briefed the finance minister about operations of K-Electric as the main power utility, which met the electricity requirement of Karachi. He apprised the minister of the challenges being faced by K-Electric during the meeting. The finance minister stated that the government was ready to extend all possible support to K-Electric for overcoming constraints and making it dynamic and sustainable in the long run.
Spat between PM’s aide, Saudi investor clouds KE deal prospects
Sun Online Desk
8th April, 2021 01:50:28
In a dramatic turn that may forestall an early settlement of tens of billions of dues between K-Electric and state-owned entities, Saudi investor Abdulaziz H. Aljomaiah and Special Assistant to the Prime Minister on Power Tabish Gauhar publicly accused each other of conflict of interest and attempts to fleece the state and Karachi-based power consumers.
In a letter to Prime Minister Imran Khan, Mr Aljomaiah said that during his last month’s visit to Pakistan he had been given a clear understanding by the former and his cabinet members about settlement of issues but complained that “last minute negative comments on the agreed document by your SAPM [Mr Gauhar]” had potentially put at risk the takeover of KE by Shanghai Electric.
This combo photo shows Saudi investor Abdulaziz H. Aljomaiah (left) and Special Assistant to the Prime Minister on Power Tabish Gauhar. Photo courtesy The News/Dawn
ISLAMABAD: In a dramatic turn that may forestall an early settlement of tens of billions of dues between K-Electric and state-owned entities, Saudi investor Abdulaziz H. Aljomaiah and Special Assistant to the Prime Minister on Power Tabish Gauhar publicly accused each other of conflict of interest and attempts to fleece the state and Karachi-based power consumers.
In a letter to Prime Minister Imran Khan, Mr Aljomaiah said that during his last month’s visit to Pakistan he had been given a clear understanding by the former and his cabinet members about settlement of issues but complained that “last minute negative comments on the agreed document by your SAPM [Mr Gauhar]” had potentially put at risk the takeover of KE by Shanghai Electric.