Trends - KE - Business Recorder

KE

Power generation: Static & inefficient

Pakistan’s power sector (ex KE) generated 124 billion units in 2018. Another 124 billion in 2019. And 123 billion...

Published 25 Jan, 2021 07:30am

Business & Finance

Business community rejects increase in power tariff

KARACHI: Businessmen Group (BMG) chairman and former president of Karachi Chamber of Commerce & Industry (KCCI)...

Updated 25 Jan, 2021 10:06am

Govt decides to hold ‘final’ round: K-Electric faces prospect of re-privatisation?

ISLAMABAD: The Federal Government has reportedly decided to hold "final" round of talks with the KE's top brass to...

Updated 24 Jan, 2021 10:10am

Petitions against KE privatisation rejected by SHC

KARACHI/ISLAMABAD: The Sindh High Court (SHC) on Thursday dismissed the petitions against the privatization of the...

Published 22 Jan, 2021 04:47am

Markets

RLNG-based power plant will go a long way in meeting Karachi’s power demands

KARACHI: K-Electric’s flagship 900-MW power plant, BQPS-III is progressing on fast track and the gas turbine,...

Published 21 Jan, 2021 04:23am

Minister assures NA body: Blackout report will be made public in 2 days

ISLAMABAD: Minister for Energy, Omar Ayub Khan said on Wednesday that inquiry report on the recent country-wide...

Published 21 Jan, 2021 04:23am

Business & Finance

Shell & K-Electric Partner to Develop Three EV Charging Stations in Karachi

Shell has signed a MoU with K-Electric to jointly develop the first three Electric Vehicle (EV) charging stations in Defense, Gulshan and Gadap.

Published 09 Jan, 2021 03:09pm

Shell and KE to explore possibility of EVs charging network

Pakistan

Business & Finance

K-Electric urges shareholders to approve Rs 275mn investment in KEVCL

The creation of KEVCL is part of the diversification strategy of the Company to get into allied businesses and create new revenue streams for KE. KEVCL will be a subsidiary of KE and is intended to be the holding company for all such investments to be made by KE.

Published 28 Oct, 2020 11:13am

Business & Finance

Shanghai Electric transaction at mercy of KE’s markup issue

Ghaziani pointed out that similarly, in case of NTDC/CPPA and KE, the payables should be netted directly against the receivables of Tariff Differential Claim which has crossed Rs 200bn principal amount receivable from the government.

Updated 27 Oct, 2020 08:35pm

Business & Finance

KE to invest further Rs9.5bn for rain risk mitigation plan

The additional investment will be over and above budgeted investment of Rs24.4bn for the upgradation of infrastructure and advancement of protection in distribution network.

Published 06 Oct, 2020 10:47am

Business & Finance

Karachi’s power outage situation to improve from next year, says KE

The LNG power plant would come next year and this situation would not remain the same next year.

Published 24 Sep, 2020 11:39am

Business & Finance

Unannounced loadshedding hits Karachi again

KE is of the view that the issue is due to low gas pressure that has adversely hit its generation capacity, as various areas suffer from 8 to 12 hours of load shedding.

Published 23 Sep, 2020 10:38am

Business & Finance

KE admits it experienced 'cyber incident', customers may experience disruption

All critical customer services including bill payment solutions and 118 call-centre are operational and fully functional.

Updated 10 Sep, 2020 12:15pm

Technology

Ransomware attack hits K-Electric, disrupts billing, online services

K-Electric could not issue electricity bills to its consumers in various regions as its billing system became non-functional after the attack.

Updated 09 Sep, 2020 04:04pm

Business & Finance

State of Industry Report 2019: KE performance remains unsatisfactory in 2018-19

As per the report, the installed capacity of KE’s own generation fleet during FY 2018-19 has been noted as 2,294 MW same as compared to FY 2017-18.

Published 31 Aug, 2020 02:31pm

Business & Finance

Most parts of Karachi suffers power outages as KE urges public to cooperate

24 hours have passed since the power outage in Quaidabad, Gulshan-e-Bunir, Gulshan-e-Hadid, and Gulshan-e-Maymar, power is off in Gulistan-e-Jauhar Block 19, Gulshan-e-Iqbal 13D, 13C as well.

Updated 28 Aug, 2020 02:49pm

Supreme Court orders to place K-Electric chief's name on ECL

Justice Gulzar also ordered to conduct an audit of the power company

Published 11 Aug, 2020 05:02pm

Business & Finance

Technical glitch at Bin Qasim power plant leads to 130 MW shortfall

The power utility is facing a 130 MW reduction in power generation capacity, which will lead to temporary load management in low-loss areas.

Published 14 Jul, 2020 11:51am

Pakistan

Power outage continues in Karachi

According to experts, the poor transmission system of KE and the reduction in production is the main reason for the power outage.

Published 10 Jul, 2020 11:08am

Business & Finance

NEPRA to hold public hearing against KE tomorrow

Since last month, K Electric has started a series of unannounced and unannounced load-shedding under the pretext of furnace oil and gas supply, which has left the citizens helpless amid soaring temperatures.

Published 09 Jul, 2020 04:39pm

Business & Finance

Omar Ayub blames KE for not improving system, as govt to provide additional power

The minister told the House, that they are providing an additional 100 megawatts of electricity to the KE, which is more than the contract agreement signed with it.
The government will provide more gas to the KE, which will result in generating 200MW of electricity.

Updated 09 Jul, 2020 03:40pm

Pakistan

Load shedding, high voltage leading to financial worries

Residents of the area say that the duration of load shedding in the area is three hours. They said that their complaint is not being registered at the complaint center.

Published 06 Jul, 2020 01:43pm

Business & Finance

KE to present $2bn investment plan for Karachi power infrastructure

In a statement, KE spokesperson said that these investments would be utilized to improve generation, transmission & distribution system of the power utility.

Published 04 Jul, 2020 03:37pm

Pakistan

Despite KE assurance, load shedding keeps Karachi in dark

The duration of load shedding in the city has increased from 7 to 10 hours due to which the citizens are facing difficulties in the ongoing hot weather.
The power outage in Karachi is rampant, while KE is reluctant to name the areas affected by the power outage and is anxious to discuss future plans.

Published 04 Jul, 2020 11:22am

Business & Finance

Work initiated to receive additional electricity from National Grid: KE

“Work has been initiated to receive additional power from National Grid upon confirmation last month,” said KE spokesperson.
Last month, the federal government has announced that it is ready to provide additional 500 MW from the National Grid.

Published 04 Jul, 2020 10:58am

Business & Finance

Load shedding to prolong after KANUPP supply to KE suspended

“Due to technical fault at KANUPP plant, power supply to parts of Karachi may be impacted due to resultant shortfall of 60MW,” informed KE spokesperson.

Published 03 Jul, 2020 02:34pm

Pakistan

K-Electric customers can now pay their bills through Bykea

In order to pay their utility bill, customers can now simply call 0307-1234567.

Updated 02 Jul, 2020 05:12pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 29	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 29 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 29 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 29 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 29 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 29 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 29 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 29 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 29 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 29 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 29 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 29 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 29 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 29 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 29 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 29 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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