Tag: NSC

Prospects of KE shares transfer to new buyers ‘unclear’

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k-electric

ISLAMABAD: The prospects of transfer of shares of K-Electric (KE) to new buyers are reportedly unclear as the federal government has directed its legal team to maintain status quo in Sindh High Court (SHC). Background interviews with circles aware of developments in the matter revealed that the legal team recently informed the government that they have succeeded in maintaining status quo in SHC as per the directions. A committee comprising caretaker Minister for Power, caretaker Minister for Privatisation and caretaker Minister for Law and Justice was constituted on 9th October…

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Getting NSC a must for transfer of KE shares

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k-electric

ISLAMABAD: The Ministry of Law and Justice has held that National Security Certificate (NSC) is obligatory for transfer of shares of K-Electric, which is not just a business entity but a strategic asset of the country and any alteration in its shareholding structure should be subject to a rigorous evaluation process. Ministry of Law and Justice has given its clear observations on letters written by the Ministry of Privatisation titled “first meeting of Ministerial Committee on K-Electric issues”. In its letter, Law Ministry referred to Ministry of Privatisation’s (Privatisation Division)…

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