Karachi's already fragile water supply has been severely impacted for the third consecutive day, as power failures at the Hub Pumping Station, caused by a fault in K-Electric's main cable, continue to disrupt operations.

K-Electric is facing severe criticism for imposing prolonged power outages, with several areas in Karachi experiencing daily load-shedding lasting 18 to 22 hours. The situation has been described as unbearable by residents.

K-Electric announced the appointment of Shaheryar Chishti as the new chairman of the power utility's board of directors.

K-Electric (KE) has appointed Syed Taha, former PSO MD, as its new chief executive officer, replacing interim CEO Adeeb Ahmad, with the appointment confirmed by PSX and effective April 15.

Pakistan Stock Exchange (PSX) benchmark index, the KSE-100, was down 2,242.94 points by 11:05am on Monday. The index lost 1.25 per cent from its previous close of 179,603.73 at a trading volume of 64,643,373, and a value of 6,328,293,511. The top active stocks were led by Trust Securities & Brokerage Limited, rising 20.42pc to Rs2.30 at a volume of 16,560,745, followed by K-Electric Limited falling 1.75pc to Rs8.40 at a volume of 13,638,928, and Beco Steel Limited rising 3.94pc to Rs6.33 at a volume of 11,858,071. The top advancing stocks were led by Trust Securities & Brokerage Limited, followed by 786 Investments Limited, rising 10.03 to Rs17.88, and Tariq Corporation Limited(Pref), rising 10.01 to Rs16.93. The top decliners were Ecopack Limited, down 10.01pc to Rs48.57; ZIL Limited, down 10.00pc to Rs454.93; and Chashma Sugar Mills Limited, down 10.00pc to Rs97.51. Bears remained dominant in the market last week, with Topline Securities noting that the ongoing negative momentum was due to the “ongoing result session, where corporate results fell short of investors’ expectations”.

Karachi is experiencing a significant water shortfall of 54 MGD after a K-Electric cable fault disrupted electricity supply to the NEK Pumping Station. The power outage has severely impacted the city's water distribution.

Chief Minister Syed Murad Ali Shah has expressed concern over prolonged power outages in Karachi, particularly in underprivileged areas, and has asked K-Electric to find a practical solution to reduce loadshedding.

Pakistan's Power Division announced that K-Electric and HESCO will be excluded from the government's daily loadshedding plan, citing the low cost of electricity generation in the southern region.

Pakistan’s benchmark KSE-100 index staged a strong recovery on Wednesday, rising more than 2,000 points by 10:55am as investor sentiment improved. The index climbed 1.33 per cent from its previous close of 156,177.12 points to reach 158,382.00 points in early trading. Trading activity was led by K-Electric Limited, which slipped 1.16pc to Rs7.64 on a volume of 21,973,154 shares. It was followed by The Bank of Punjab, which gained 3.70pc to Rs28.29 with 13,454,195 shares traded, and Cnergyico ...

Industries in Pakistan are facing closures due to tariff woes, as NEPRA held a public hearing on end-of-term adjustments for K-Electric's Multi-Year Tariff.

A K-Electric substation was looted in a unique robbery where six suspects, disguised in KE staff uniforms, tortured a watchman and fled with copper wiring and equipment.

Pakistan's National Electric Power Regulatory Authority (Nepra) has approved an increase of Rs1.42 per unit in the power tariff for all consumers, including K-Electric.

Pakistan’s benchmark index, KSE-100, lost 1587.06 points by 11:10am on Tuesday. The index was trading 0.91 per cent down from its previous close of 174,453.93 points on Monday, placing it at 172,866.87 points. Trading volumes were 112,637,835 at a value of Rs7,253,671,823. This drop follows a turbulent trading session on Monday, when the index lost over 5,000 points or 2.87pc, which analysts at Topline Securities note was driven by foreign outflows and escalating political noise that further dampened investor confidence, intensifying the bearish momentum. Top active stocks were led by K-Electric Limited, which lost 3.81pc to Rs7.82 at a volume of 50,550,737, followed by Worldcall Telecom Limited, which remained stable at Rs1.53 at a volume of 15,759,665, and The Bank of Punjab, which fell 3.91pc to Rs31.95 at a volume of 10,491,947. Top advancers were led by Metropolitan Steel Corporation Limited, rising 10.02pc to Rs23.05, followed by 786 Investments Limited advancing 10.01pc to Rs19.67, and Javedan Corporation (Pref) rising 10pc to Rs127.68. Top decliners were led by LSE Capital Limited, falling 22.47pc to Rs1.38, followed by Engro Powergen Qadirpur Limited declining 10.01pc to Rs27.69, and Chashma Sugar Mills Limited falling 10pc to Rs87.76.