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SHC rejects petition challenging KE privatization

SHC rejects petition challenging KE privatization

KARACHI: Sindh High Court (SHC) has rejected a constitutional petition that has challenged the privatization of K-Electric.

According to the details, in a letter sent to Pakistan Stock Exchange (PSX) on Monday, K-Electric Limited said that the court had dismissed constitutional petition bearing No. D1511-2012 titled as KESX Labour Union and Others vs. Federation of Pakistan and others’ along with related petitions on January 21, 2020, whereby the court had dismissed the said petition through which the privatization of the K-Electric Limited was challenged.

The judgment was announced in the open court. However, the certified copy of the afore-noted judgment is still awaited, K-Electric said.