K-Electric has officially announced the appointment of Shaheryar Chishty as the Chairman of its Board of Directors, a move confirmed during a board meeting held on April 15, 2026. This high-level appointment follows the recent election of directors conducted during the utility company’s Extraordinary General Meeting held on April 2. The decision marks a significant step in stabilizing the leadership structure of the Karachi-based power provider as it navigates a period of internal transition and broader sectoral reforms. The company has formally notified the Pakistan Stock Exchange regarding the development, ensuring that TRE certificate holders and the wider investment community are informed of the new governance hierarchy.
The appointment of Shaheryar Chishty comes at a critical juncture for K-Electric, which has seen a series of high-profile leadership shifts over the last few months. These changes were initiated following the departure of former Chief Executive Officer Moonis Alvi, who stepped down from his position in February. In the wake of Alvi’s resignation, Adeeb Ahmad was brought in as the interim CEO to manage the company’s operational and strategic requirements during the search for a permanent leadership team. The elevation of Chishty to the role of Chairman is seen as a move to provide strong strategic oversight as the company addresses ongoing challenges in power generation, distribution, and financial sustainability.
In its communication to the Pakistan Stock Exchange, K-Electric confirmed that the board’s approval was the final step in a process that began with the restructuring of the board earlier this month. The new chairman will be responsible for leading the board as it works closely with the interim management to ensure service continuity for millions of consumers in Karachi and its surrounding areas. With the power sector under increasing scrutiny regarding tariffs and efficiency, the role of the chairman will be pivotal in managing relations with government regulators and international stakeholders.
Shaheryar Chishty brings a wealth of experience to the role, having been a significant figure in the investment and corporate landscape of Pakistan. His leadership is expected to focus on long-term investment strategies and the modernization of K-Electric’s infrastructure to meet growing demand. The transition in the boardroom signals a fresh approach to the utility’s governance, focusing on transparency and operational excellence. As the company moves forward under this new leadership, the market will be watching closely to see how the board addresses the integration of renewable energy and the ongoing negotiations regarding the company’s multi-year tariff framework.
This appointment effectively concludes the immediate phase of leadership restructuring at K-Electric. While Adeeb Ahmad continues to lead the executive side in an interim capacity, the permanent appointment of a chairman provides the necessary structural continuity required for a utility of this scale. The formal notification to the PSX serves as a reminder of the regulatory discipline the company maintains as a listed entity. For consumers and investors alike, the focus now turns to the strategic vision the new chairman will implement to drive the utility toward a more efficient and sustainable future in the highly competitive and essential energy market.
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