K-Electric (KE) Chief Executive Officer (CEO) Moonis Alvi has stepped down from his position, according to a disclosure submitted to the Pakistan Stock Exchange (PSX) on February 6. The development was formally communicated to the exchange in line with regulatory requirements under the Securities Act, 2015, and the PSX Rule Book.
Read More: Green light for K-Electric’s 320 MW clean energy projects from NEPRA
The disclosure stated that “Syed Moonis Abdullah Alvi has tendered his resignation from the position of Chief Executive Officer (CEO) of K-Electric Limited.” The company requested the PSX to disseminate the information to Trading Right Entitlement (TRE) certificate holders accordingly.
کے الیکٹرک کے سی ای او مونس علوی اچانک اپنے عہدے سے مستعفیhttps://t.co/MptUm6XyEl#Sindh #KElectric #CEO #MonisAlvi @KElectricPk @SindhGovtPk pic.twitter.com/DMIvs4f6mz
— Daily Nawa-i-Waqt (@Nawaiwaqt_) February 5, 2026
Alvi’s resignation comes months after a controversial ruling by the provincial ombudsman for protection against harassment of women. In July 2025, the ombudsman ordered his removal from office after finding him guilty of harassing a former chief marketing and communication officer of K-Electric. The ruling also directed Alvi to pay Rs2.5 million in compensation to the complainant.
Following the ombudsman’s decision, Alvi challenged the order in the Sindh High Court (SHC). The court suspended the implementation of the ombudsman’s ruling and later extended the stay during a subsequent hearing in August 2025. As a result, Alvi continued to serve as KE’s chief executive while legal proceedings remained pending.
K-Electric has not issued a detailed public statement explaining the reasons behind Alvi’s resignation, nor has it announced an immediate successor. The power utility, which serves millions of consumers in Karachi and surrounding areas, plays a critical role in Pakistan’s energy sector, making leadership changes closely watched by regulators, investors, and consumers alike.
Read More: PSX gains 931 points to close at 187,832
The resignation marks a significant moment for K-Electric as it navigates ongoing legal scrutiny, corporate governance challenges, and operational demands in a complex power distribution environment. Further developments regarding the company’s leadership and the status of the legal case are expected in the coming weeks.