Jun

23

Division of KESC

Filed Under Pakistan | Leave a Comment

Saudi Aljomaih group, buyer of 73 % of KESC has off-shouldered its burden by selling 5o % of its share to the Dubai-based Abraaj group of company. The latter has promised to pay 400 million dollars to the government of Pakistan. Why? Not known.

According to an insider, Mr. Arif Naqvi is to take over as the new CEO of the KESC. We can only hope that the new change brings some relief to the public also and shedding of load is unloaded.

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