By Imran Rana
In Karachi, few institutions are as routinely scrutinised and as casually misunderstood as its power utility. Frequent public discourse continues to echo a familiar but ultimately flawed narrative.
Perhaps it鈥檚 time we shift focus and sift myth from reality, from blame to improvement, from assumptions to accountability, and from outdated narratives to informed dialogue, and view Karachi鈥檚 energy story through a lens of improvement and shared responsibility.
When K-Electric was privatized in 2005, the promise was simple: inject capital, modernize an aging infrastructure, and bring efficiency to a system long strained by operational and financial inefficiencies.
Two decades on, the record is clear. Shareholders have brought in USD 700 million in foreign direct investment, and the company has invested over USD 4.6 billion in infrastructural improvements, equivalent to six times its profits, over the same period to rebuild generation, transmission, and distribution.
The result? T&D losses have