K-Electric Reviewing Viability After Major Tariff Cut, Says CEO Moonis Alvi
K-Electric CEO Syed Moonis Abdullah Alvi has raised concerns over NEPRA’s major revisions to the Multi-Year Tariff for FY2024–30, warning that the large-scale reductions threaten the utility’s operational viability. The company is reviewing the implications and considering all legal and regulatory options to ensure service continuity and financial stability.
Engro Powergen Qadirpur Limited Appoints Athar Abrar Khwaja as Chairman and Adeel Qamar as CEO
Engro Powergen Qadirpur Limited has re-elected Athar Abrar Khwaja as Chairman and re-appointed Adeel Qamar as CEO, signaling continued leadership stability for its Qadirpur power plant operations.
PSX Wraps Up Lower Amid Mixed Sectoral Trends and Investor Caution
The Pakistan Stock Exchange (PSX) closed slightly lower on Tuesday, with the KSE-100 Index losing 254 points. The market experienced mixed performance across sectors, driven by heavy volumes in select stocks and cautious investor sentiment.