PAKISTAN
K-Electric Limited has informed the Pakistan Stock Exchange (PSX) that it has filed an appeal before the NEPRA Appellate Tribunal under Section 12-G of the NEPRA Act, 1997, challenging the decision issued by the National Electric Power Regulatory Authority (NEPRA) on October 20, 2025.
The Company stated that this development follows its earlier disclosure made on October 21, 2025. As the NEPRA Appellate Tribunal is currently non-functional, K-Electric has also filed Constitutional Petitions Nos. D-5384, D-5385, D-5386, and D-5387 of 2025 before the High Court of Sindh at Karachi.
In this regard, the Sindh High Court, through its interim order dated November 4, 2025, has directed that “no coercive action shall be taken against the petitioner in terms of the impugned decision till the next date of hearing.”
K-Electric confirmed that the statement has been duly authorized and submitted in compliance with Sections 96 and 131 of the Securities Act, 2015 and Regulation 5.6.1(a) of the Rule Book of the Pakistan Stock Exchange Limited. – ER News Desk
MORE NEWS
Rivers set free: Why countries are tearing down hundreds of dams
As the dams on the Hiitolanjoki in Finland came down, it began to change —…
Saudi Aramco Resumes Oil Loadings at Ras Tanura After Four-Month Suspension
Saudi Aramco resumed crude oil loadings at its Ras Tanura export terminal on Friday, ending…
Study Links Ancient Subduction Zones to Major Copper, Zinc and Lead Deposits
Ancient subduction zones played a crucial role in the formation of some of the world’s…
Volkswagen CEO Reportedly Plans Up to 100,000 Job Cuts
Volkswagen Chief Executive Officer Oliver Blume plans to cut up to 100,000 jobs worldwide over…
China Discovers Rare Coral Reef Blue Hole in South China Sea
China has identified its first coral reef blue hole in the waters off Huangyan Island…
Samsung Reportedly Plans $648bn South Korea Investment Drive
Samsung Group is expected to announce plans to invest 1,000 trillion won ($647.5 billion) in…