K-Electric stake sale: Delay in approval will hurt investor confidence says Abraaj founder

The federal government’s inability to give regulatory approvals to Shanghai Electric Power for taking over K-Electric would be a huge blow to Karachi’s future and cause a serious dent in investors’ confidence, said the Abraaj Group on Monday.

“The federal government is left with only 12 weeks in governance to complete this [K-Electric] deal,” said Abraaj in a statement as it stepped up lobbying to get the necessary approval. Abraaj Group founder Arif Naqvi met with government ministers on Monday.

Published in The Express Tribune, 13th March, 2018

https://tribune.com.pk/story/1658219/2-k-electric-stake-sale-delay-approval-will-hurt-investor-confidence-says-abraaj-founder/