Further to the announcement at the Pakistan Stock Exchange (PSX) dated February 06, 2026, the board of directors of K-Electric (KE) in its meeting held on Friday (February 13, 2026) has appointed Adeeb Ahmad as Interim Chief Executive Officer (CEO) of the company in place of Syed Moonis Abdullah Alvi with immediate effect.
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KSE-100 slides over 2,000 points amid KE CEO resignation
KARACHI: Pakistan’s benchmark KSE-100 index dropped sharply on Friday morning, losing more than 2,000 points by 10:55am as investor sentiment turned cautious following corporate and market developments. The index fell 1.1 percent from Wednesday’s close of 187,832 points to 185,765.07 points during early intraday trading. Market activity was marked by both heavy volumes and significant […]
K-Electric CEO Moonis Alvi resigns after PSX disclosure
K-Electric (KE) Chief Executive Officer (CEO) Moonis Alvi has stepped down from his position, according to a disclosure submitted to the Pakistan Stock Exchange (PSX) on February 6. The development was formally communicated to the exchange in line with regulatory requirements under the Securities Act, 2015, and the PSX Rule Book. Read More: Green light […]
KE to supply dedicated power for BYD-Mega Motor Company
K-Electric (KE) and Mega Motor Company (MMC), partners of BYD in Pakistan, have signed a Memorandum of Understanding (MOU) for the provision of a dedicated 5MW power connection, scalable up to 7.5MW, to support BYD-MMC’s manufacturing operations in Pakistan as the facility prepares to go live in 2026. Under the agreement, BYD-MMC will develop and […]
Power sector circular debt edges up despite payments
ISLAMABAD: Pakistan’s power sector circular debt rose by Rs75 billion in the first half of the current fiscal year despite significant capital injections and large-scale commercial borrowing, highlighting persistent structural weaknesses in the energy system. Read More: Power Division denies Rs 224 billion circular debt spike reports Official data from the power division showed that circular debt […]
SHC issues notices over Karachi power disconnection plea
KARACHI: The Sindh High Court (SHC) on Friday issued notices to the secretary of the Power Division, the National Electric Power Regulatory Authority (Nepra), and K-Electric over a petition challenging the disconnection of electricity in an entire Karachi neighbourhood. Read More: SHC extends stay on NEPRA’s decision on KE tariff case A two-judge constitutional bench, headed […]
KE shows steady progress during 2025
In a year marked by return of economic stability, K-Electric (KE), Pakistan’s only vertically integrated power utility, showed steady progress across its businesses of generation, transmission, distribution, and supply, alongside continued investments in digital transformation and customer engagement. Moonis Alvi, KE CEO, said: “K-Electric has always focused on customer satisfaction, and we will continue to […]
Pak Suzuki partners with KE for 20MW dedicated grid station
In another move to bolster demand for the national grid, K-Electric (KE) and Pak Suzuki Motor Company Ltd. entered into an agreement under which a dedicated 132 kV grid station will be constructed at the auto manufacturer’s facility in Karachi. This initiative will ensure reliable and efficient power supply of up to 20 MW, supporting […]
KE marks completion of two-year line workers apprenticeship programme
K-Electric (KE) marked the successful completion of its two-year line workers Apprenticeship Programme with graduating apprentices presenting innovative, practical projects aimed at enhancing safety, efficiency, and theft detection within power distribution systems. The projects were displayed at KE’s Distribution Network Academy (DNA), where the apprenticeship programme and training sessions were also held. This was the […]
KE, PSRM set to build dedicated grid station at Gharo
PSRM (Pvt.) Limited and K-Electric have entered into an agreement under which a dedicated distribution system comprising a 132 kV grid station and transmission line will be built at Gharo. The project will ensure reliable and efficient power supply of 15MW supporting the growth in operations of the local steel industry. The new grid station […]