Shanghai Electric

Ashary hopes Chinese firm will offer $2b to buy Karachi’s power utility now

PTI govt gives 3 of them to Naya Pakistan Housing Authority for building low-cost units

Issues National Security Certificate for sale of 66.4% shares to Shanghai Electric

Despite development, K-Electric’s share price drops 3%

Says it’s purely commercial decision of Shanghai Electric

Benchmark-100 Index up 1,982 points, inches closer to 42,000

K-Electric, formerly known as Karachi Electric Supply Company, is a publicly listed fully integrated power utility

Abraaj Group says it has entered into an agreement with Shanghai Electric to divest its 66.4 pc stake in K-Electric

Shanghai Electric says it is not the only company participating in the bidding process