Majority owners of offshore holding firm seek direct stake in Pakistan's K-Electric

Majority owners of offshore holding firm seek direct stake in Pakistan's K-Electric

FILE PHOTO: A view of the K-Electric head office, with solar panels at the parking area, in Karachi, Pakistan, January 24, 2023. REUTERS/Akhtar Soomro

The majority shareholders of an offshore holding company that owns most of Pakistani power company K-Electric said on Wednesday they have initiated legal proceedings to seek direct ownership of a stake in the utility.