Karachi Electric Supply Corporation in the context of Pakistan Stock Exchange


Karachi Electric Supply Corporation in the context of Pakistan Stock Exchange

⭐ Core Definition: Karachi Electric Supply Corporation

K-Electric Limited, or KE, is a Pakistan-based investor-owned energy utility company headquartered in Karachi, Sindh, Pakistan. Originally established as a state-owned enterprise, the company was privatized in 2005. It is the only vertically integrated utility in Pakistan, supplying electricity and distributing energy across a 6,500 square kilometres (2,500 sq mi) territory that includes Karachi in Sindh and dxtends into parts of Balochistan.

The company is listed in the PSX, in which, its majority of shares (66.4%) are owned by the KES Power, a joint venture of Al-Jomaih Power Limited of Saudi Arabia, National Industries Group of Kuwait, and the Infrastructure and Growth Capital Fund (IGCF). The federal Government of Pakistan is listed as a minority shareholder with 24.36% holding in the company.

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Karachi Electric Supply Corporation in the context of Port Qasim

The Port Muhammad Bin Qasim (Urdu: محمد بن قاسم بندرگاہ Bandar-gāh Muhammad bin Qāsim), or Qasim Port Authority (Urdu: مقتدرہ قاسم بندرگاہ), also known as Port Qasim, is a deep-water seaport in Karachi, Sindh, Pakistan, on the coastline of the Arabian Sea under the administrative control of the Secretary to the Government of Pakistan for Maritime Affairs. It is Pakistan's second busiest port, handling about 35% of the nation's cargo (17 million tons per annum). Port Qasim and Karachi Port, the busiest port of the country, together handle almost 90% of all external trade of Pakistan. The remaining maritime trade is routed through Gwadar Port.

The port encompasses a total area of 12,000 acres (49 km) wherein many industrial zones operate. In addition to the Pakistan Steel Mills (PSM) and KESC Bin Qasim Power Plant, around 80% of the Pakistan's automotive industry is located at Port Qasim. The port also provides direct waterfront access to two major nearby industrial areas, Export Processing Zone (Landhi) and Korangi Industrial Area. Approximately 60% of country's export and import is originated from these areas. Port Qasim is managed by Port Qasim Authority, a semi-autonomous government body.

View the full Wikipedia page for Port Qasim
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