KARACHI: In an emergent meeting held by the Bin Qasim Association of Trade & Industry (BQATI), serious concerns were raised regarding the recent revision to K-Electric’s (KE) Multi-Year Tariff (MYT) by the National Electric Power Regulatory Authority (Nepra).
The meeting brought together industrial leaders, energy experts, and trade representatives who unanimously opposed the decision, warning that it could have devastating consequences for both the utility and the consumers of Karachi. “Karachi may soon face prolonged darkness following Nepra’s revised decision on KE’s MYT. The consequences could be catastrophic not only for power consumers but also for the megacity’s industrial and economic landscape,” an energy expert warned during the BQATI meeting.
Members present at the meeting cautioned that the revision will disproportionately affect high-loss areas, where power supply may become financially unviable. KE could be forced to curtail or suspend delivery in these regions, resulting in extended blackouts across several parts of Karachi.
BQATI highlighted that KE’s financial sustainability is at risk. Despite reporting a Rs. 4 billion profit in FY 2024, the retrospective revision under the new MYT could result in cumulative losses running into hundreds of billions of rupees over the next seven years — threatening the company’s ability to maintain reliable operations, pay suppliers, and invest in infrastructure.
Copyright Business Recorder, 2025