SHC Rules K-Electric’s Subsidy and Fuel Cost as Part of Turnover for Minimum Tax

K-Electric

ISLAMABAD: The Sindh High Court (SHC) ruled on Monday that the subsidy and fuel cost recovered by K-Electric from consumers must be treated as part of its turnover for calculating minimum tax under Section 113 of the Income Tax Ordinance 2001. The judgment came in response to appeals filed by the Revenue Department challenging the Appellate Tribunal Inland Revenue’s decision…

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KE Staff Attacked Amid Anti-Theft Operation, Held Hostage by Protesters

circular-debt-K-electric-ceo

KARACHI: K-Electric (KE) staff faced violent resistance during an anti-electricity theft operation in Karachi’s Gizri and Punjab Colony areas on Tuesday. KE spokesperson Imran Rana reported that power thieves attacked and held some staff members hostage at gunpoint while attempting to forcibly restore illegal connections. The operation sparked protests, with demonstrators blocking major roads across the city, causing severe traffic…

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K-Electric Receives Lowest Bid for 150MW Solar Project in Balochistan

NEPRA-KE

KARACHI: K-Electric has received the lowest tariff bid for its 150-megawatt solar energy project in Balochistan, set to commence in the fourth quarter of FY25. Following the bid evaluation, K-Electric will submit a report to the National Electricity Power Regulatory Authority (NEPRA) before announcing the successful bidder. This 150MW project is part of K-Electric’s broader plan to introduce 1,300MW of…

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Karachi Residents Face New Municipal Utility Charges in Electricity Bills

Your-Bill

KARACHI: In a move that adds to the financial burden of Karachi’s residents, the Karachi Metropolitan Corporation (KMC) has formally notified the collection of the controversial Municipal Utility Charges and Tax (MUCT) through K-Electric (KE) bills. This new charge will cost residents up to Rs400 extra in their electricity bills for the current month. Officials from both KMC and KE…

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KE Seeks Finance Minister’s Intervention for Release of Stuck Funds

circular-debt-K-electric-ceo

ISLAMABAD: In a bid to address the issue of delayed payments, K-Electric (KE) has sought the intervention of Finance Minister Muhammad Aurangzeb to expedite the release of long-overdue funds from federal and provincial entities. KE CEO Syed Moonis Abdullah Alvi, along with CFO Muhammad Aamir Ghaziani and Chief Regulatory Affairs Muhammad Imran Qureshi, met with the finance minister to discuss…

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Sindh Orders End to Night-time Load-shedding Amid Scorching Heat

Load-shedding

KARACHI: The Sindh provincial government has directed electricity distribution companies, including K-Electric, to cease load-shedding from 10 pm to 6 am daily amid the current severe heatwave. Energy Minister Syed Nasir Hussain Shah and Local Government Minister Saeed Ghani issued the directive during a meeting at the provincial energy department. The meeting, attended by Energy Secretary Musaddiq Ahmed Khan and…

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KMC and K-Electric Partner to Collect Municipal Utility Charges and Taxes: Mayor Wahab

KMC-KElectric

KARACHI – Mayor Karachi Barrister Murtaza Wahab announced on Sunday that a significant agreement has been reached between the Karachi Metropolitan Corporation (KMC) and K-Electric regarding the collection of Municipal Utility Charges and Taxes (MUCT). In accordance with a court decision, a resolution supporting the collection of these charges through K-Electric has been approved by the City Council. Mayor Wahab…

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KE Warns Sindh Government of Imminent Power Outages Over Unpaid Dues

NEPRA-KE

ISLAMABAD: Karachi Electric (KE) has issued a stern warning to the federal and Sindh governments regarding potential widespread power outages and disconnections in Karachi if the provincial government fails to settle Rs 9 billion in reconciled bills. These funds are crucial for system improvements, according to well-informed sources. This urgent message was communicated to top political and public office holders…

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Nepra Supports Over Rs60 Billion KE Write-Offs ISLAMABAD:

NEPRA-KE

Chairman of the National Electric Power Regulatory Authority (Nepra), Waseem Mukhtar, has expressed support for over Rs60 billion in write-offs for K-Electric (KE). During a meeting at the Special Investment Facilitation Council (SIFC) aimed at resolving KE’s longstanding issues, Mukhtar noted that losses for government-owned distribution companies (Discos) are typically absorbed into the circular debt or recovered through consumer surcharges.…

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KE Overbilled Sindh Government by Over Rs20 Billion in Last Decade: Minister

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KARACHI: Sindh Energy Minister Syed Nasir Hussain Shah revealed on Wednesday that K-Electric (KE) has overcharged the Sindh government by more than Rs20 billion for electricity supply to its departments over the past decade. In a meeting with energy reporters, Minister Shah disclosed that the provincial government will soon settle Rs9 billion in outstanding dues with KE. An audit conducted…

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