K-Electric (KE) Chief Executive Officer Moonis Alvi on Friday stepped down from his position, according to a disclosure submitted to the Pakistan Stock Exchange (PSX).<\/p>\n
In July last year, the provincial ombudsman for protection against harassment of women ordered the removal of Alvi for harassing a former chief marketing and communication officer of KE and also directed him to pay Rs2.5 million to the complainant in compensation.<\/p>\n
Alvi, however, had denied the charges and vowed to challenge the decision of the ombudsman before an appropriate legal forum.<\/p>\n
\u201cSyed Moonis Abdullah Alvi has tendered his resignation from the position of Chief Executive Officer (CEO) of K-Electric Limited,\u201d stated the disclosure, dated February 6, submitted to the PSX and available to Dawn.<\/p>\n
The PSX was informed in \u201caccordance with Section 96 and Section 131 of the Securities Act, 2015 and Clause 5.6.1(a) of the Rule Book of Pakistan Stock Exchange Limited\u201d.<\/p>\n
\u201cYou are requested to disseminate the information to the TRE Certificate Holders of the Exchange accordingly,\u201d said the form, addressing the chief listing manager at PSX.<\/p>\n
In a post on X, Alvi confirmed that he had \u201cdecided to step down\u201d.<\/p>\n
\u201cIt has been an honour to serve an institution so central to Karachi\u2019s life, alongside some of the most resilient and committed professionals I know,\u201d said the former KE CEO, adding that he will \u201csupport a smooth transition\u201d.<\/p>\n
Following the provincial ombudsman\u2019s decision in July 2025, the KE chief approached the Sindh High Court (SHC), which suspended the ombudsman\u2019s order.<\/p>\n
In a subsequent hearing in August last year, the SHC extended its stay against the provincial ombudsman\u2019s decision.<\/p>\n
Alvi had also filed a representation\/appeal before Sindh Governor Kamran Tessori. On February 3, the governor set aside the order of the provincial ombudsman.<\/p>\n
Tessori, after hearing both sides and examining the record, overturned the impugned order.<\/p>\n
During the hearing, Alvi argued that the complaint was not maintainable and there was no harassment involved, while the order passed by the ombudsman was based on assumptions.<\/p>\n","protected":false},"excerpt":{"rendered":"
K-Electric (KE) Chief Executive Officer Moonis Alvi on Friday stepped down from his position, according to a disclosure submitted to the Pakistan Stock Exchange (PSX). In July last year, the provincial ombudsman for protection against harassment of women ordered the removal of Alvi for harassing a former chief marketing and communication officer of KE and […]<\/p>\n","protected":false},"author":1,"featured_media":15765,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-15764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"_links":{"self":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts\/15764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15764"}],"version-history":[{"count":1,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts\/15764\/revisions"}],"predecessor-version":[{"id":15766,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts\/15764\/revisions\/15766"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/media\/15765"}],"wp:attachment":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}