K-Electric (KE) is a law-abiding, responsible corporate entity which ensures compliance with all respective guidelines prescribed by relevant authorities. KE follows due process in coordination with concerned authorities, ensuring prior notification and seeking permission wherever applicable on timeline and implementation of directives.

The delay in filing of financial statements was caused by unprecedented delay in notification of KE tariff which was beyond the control of company and its board of directors. KE has already filed an appeal with the appellate tribunal of Securities and Exchange Commission of Pakistan (SECP) against its decision issued on December 03, 2018.-PR

Copyright Business Recorder, 2019