No MQM for support, Abraaj set to leave?

Following the exit of the Muttahida Qaumi Movement (MQM) from the federal and provincial governments, the Abraaj-led management of the Karachi Electric Supply Company is mulling packing up operations and relinquishing control of the power utility, Pakistan Today has learnt.
After the MQM parted ways with the Pakistan People’s Party (PPP)-led government from the Federal and provincial government, KESC CEO Tabish Gauhar contacted Muttahida’s Rabita Committee Deputy Convenor Dr Farooq Sattar for their further advice, sources told Pakistan Today.
Sattar told Gauhar that after quitting the government, the MQM is no longer in a position to further help the KESC management, sources said. “Sattar suggested to the KESC CEO to immediately pack up and relinquish control of the company,” sources said.
The MQM is widely believed to have been backing the Abraaj Capital-led management of the KESC – a relationship that extended to the ongoing row between the power utility’s management and the workers. In return for its support, the management accommodated close relatives of the party’s leaders on top posts, awarded many contracts to, and hired hundreds of MQM workers on different positions.
It is also worth mentioning that the MQM-backed United Workers Front is the only group not part of the ongoing workers movement. The PPP-backed People’s Workers Union, PML-N-backed Power League, Jamaat-e-Islami-backed Akhuat Group, ANP-backed Pakhtoon Labour Front and Sindhi nationalists’-backed Sindh Porhiet Sangat are all part of the current labour movement.
In case Abraaj Capital decides to pack up, liabilities of Rs 484 billion will be transferred on the Pakistan government: as per Article 8.6 of the second agreement signed between Abraaj Capital and the government, “The government of Pakistan, in case of takeover of the company, would pay all liabilities (past and future) of the KESC”.