Karachi, September 17, 2020: Members of SITE Association of Industry, Karachi, have vehemently supported the viewpoint of Karachi Chamber of Commerce & Industry to end the monopoly of K-Electric in the mega city for power generation, distribution and sale of electricity. President SITE Association Suleman Chawla, in a press statement, said that Karachiites are suffering…
Karachi, August 10, 2020: K-Electric (KE) is pleased to announce the successful closure of its PKR 25 billion Sukuk which is the largest Sukuk issue in the private sector of Pakistan. With oversubscription of IPO portion of Sukuk by almost 2.5 times, the power utility was able to close the Sukuk subscription on 3rd August…
Karachi, July 15, 2020: K-Electric hosted a press conference at its Office to allay the concerns of Karachi consumers around the power supply situation and address misinformation around various power-related issues. The conference which, was hosted by Chief Executive Officer (CEO) K-Electric, Moonis Alvi, Chief Financial Officer (CFO) Aamir Ghaziani and Chief Distribution Officer (CDO) Amer…
Karachi: Jamaat-e-Islami (JI) on Saturday staged sit-in on Shahrah-e-Faisal near Nursery against Karachi Electric (K-E)’s unscheduled long hours load shedding, issuance of inflated bills and proposed raise in power tariff. The JI leaders in their address to protestors were of the view that K-E has become an ally to rulers in central and Sindh in…
Karachi, July 6, 2020: Industrials have lodged strong protest over prolonged load shedding and allowing K-Electric to charge quarterly Fuel Cost Adjustment (FCA) of 2.89 rupees per unit. President of SITE Association of Industry Suleman Chawla has questioned the Economic Coordination Committee to clarify who is dearer to them: K-Electric or trade & Industry. He…