Sindh High Court (SHC) announced on Thursday that the privatization of K-Electric (KE) is legal, and rejected all constitutional petitions that had opposed its privatization.
The landmark decision came after fifteen years of the filing of a petition by the Karachi Electric Supply Company (KESC) Labour Union against the privatization of KE in November 2005.
K-Electric tweeted that it welcomes the decision under which “all petitions challenging the privatization of KE have been dismissed in favor of KE, its shareholders, and the Privatisation Commission (GOP), as announced in the open court today”.
K-Electric (KE) welcomes the landmark decision by the Honourable Sindh High Court under which all petitions challenging privatisation of KE have been dismissed in favour of KE, its shareholders, and the Privatisation Commission (GOP), as announced in the open court today.
— KE (@KElectricPk) January 21, 2021
According to the details, the judgment had been reserved by a two-judge bench of the SHC comprising Justice Aqeel Ahmed Abbasi and Justice Arshad Hussain Khan after they had heard the arguments from both sides in 2017.
Today, Justice Aqeel Abbasi headed a two-judge bench and dismissed the union’s petition on the grounds that the petitioner had failed to prove to the court that the privatization had been against the law.