Who is Ali Sheikhani and Why Does He Want to Buy K-Electric?
Ali Sheikhani, a Pakistani-American entrepreneur based in Houston, Texas, is the chairman of the Sheikhani Group, which he founded in 2012. His business interests include retail chains, gas stations, and shopping plazas, with a strong focus on property development and management.
Sheikhani now has a new goal: to acquire K-Electric, Karachi’s main power company, to help solve the city’s ongoing electricity problems. He emphasizes that his priority is public welfare rather than profit.
In the past, K-Electric suggested raising tariffs to fund improvements to their infrastructure, such as building new grid stations and transmission lines to enhance the electricity supply in Karachi. Sheikhani’s approach might offer a different solution, aiming to provide more reliable electricity to the residents of Karachi.
His commitment to public welfare and his diverse business experience make him a noteworthy figure in this potential acquisition, with hopes to bring positive changes to Karachi’s power sector.
