“No illegal collection from consumers; K-Electric has audited and transparent records”

Karachi: K-Electric via its press statement has denied the recent press reports of over-billing or any illegal collections from its consumers. The company further stated that the electricity tariff is set by the regulatory body and not by KE.

K-Electric’s press statement reiterates that KE respects its consumers and its billing and collection figures are regularly audited. KE works in accordance with the regulations of companies ordinance and SECP (Securities & Exchange Commission of Pakistan). It is further stated that KE’s audited accounts  are published on a quarterly basis in an open and transparent manner, and which are audited by a reputed audit firm.

K-Electric’s spokesperson said, “It is pertinent to mention that certain vested interests have been criticizing the turnaround management success of KE, where K-Electric is one of the top-performing companies in Pakistan and remains a successful symbol of Privatization.

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Press statement in the end stated that KE has always acted in accordance to law and will continue to fully cooperate with any inquiry or officials for that matter.

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