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Karachi, November 12, 2025: The upcoming meeting of K-Electric’s Board of Directors on Thursday has gained major significance, as discussions over a new Chief Executive Officer (CEO) are expected to take center stage.
According to sources, three candidates from Karachi with extensive experience in the energy sector have been shortlisted for the top position.
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The decision follows Asia Pak’s announcement not to nominate its own candidate, a move that shifts the balance of support within the board.
Insiders suggest that the Pakistan government will likely put forward its own nominee for the CEO role, and Asia Pak is expected to offer unconditional backing.
A senior source close to Asia Pak said, “We will support the government’s candidate if it ensures the betterment of K-Electric and Karachi.”
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In the previous board meeting, discussions over the CEO, CFO, and CDO appointments were postponed due to the lack of quorum.
K-Electric’s current board comprises 10 members – three representing the government, two from Asia Pak, one representing CEO Muneeb Alvi, and three from the Al Jumia Group.
Only five directors – three government representatives and two from Asia Pak – attended the last meeting, falling short of the quorum requirement.
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If attendance remains low again on Thursday, the session may be postponed once more. However, under SECP regulations, the third scheduled meeting allows decisions to be made based on members present.
With Asia Pak aligning with the government, five combined votes could now decide the CEO’s replacement. The sitting CEO will abstain from voting, leaving only four opposing votes, which sources say makes a leadership change highly probable.
The board is also expected to finalize the appointment of a new Chief Financial Officer (CFO), with insiders claiming that the decision has already been settled informally. The Chief Distribution Officer (CDO) position will also be decided in the same meeting.
