Ministries ask K-Electric to disclose stake sale agreement

As the government faces pressure to approve the sale of K-Electric’s majority stake to a Chinese firm before the end of its term, the ministries concerned have linked the consent with disclosure of a secret sale-purchase agreement.

In order to find a solution to the one-and-a-half-year-old impasse, Foreign Affairs Minister Khawaja Muhammad Asif held a meeting with all the stakeholders on Thursday. However, his ministry has nothing to do with privatisation and related matters.

Adviser to the prime minister on finance, power minister, privatisation minister and delegates of Shanghai Electric Power and K-Electric attended the meeting.

Published in The Express Tribune, 9th March, 2018