Latest news with #Alvi
Business Recorder
4 hours ago
- Business
- Business Recorder
Order issued by Sindh ombudsman: KE CEO denies charges
KARACHI: K-Electric (KE) CEO Moonis Alvi vehemently denies charges of harassment in the 22-page order by the Sindh ombudsman on Thursday, categorically stating that he is set to appeal the decision that his lawyer termed an 'unreasoned order'. In a series of tweets on X, Alvi – the longest-serving CEO of KE – said that he was going to fight back. 'The recent verdict is deeply distressing to me,' he said on X. 'While I respect the legal process and the institutions that uphold it, I must, in good conscience, state that the findings do not reflect the truth of the situation as I experienced it. 'I am currently reviewing the decision with my legal counsel and will be exercising my right to appeal… I remain committed to ensuring that the truth is fully brought to light, through all lawful means available.' On behalf of Alvi, Senior Counsels Barrister Abid S Zuberi and Barrister Ayan Memon announced the intention to appeal. 'We respect the honourable court and all its decisions. However, in light of serious procedural and legal inconsistencies, we are moving to appeal this decision before the appropriate forum and are confident that justice will prevail. 'The distorted framing of performance feedback as harassment, imposition of severest penalty without reasoned rationale and anchoring of baseless allegations are massively concerning. 'Mr Alvi gave full disclosure of work performance-related issues of the complainant and retaliatory complaints after her termination. These facts have been totally ignored. 'A substantial portion of the order has been dedicated to frivolous allegations, not backed by hard evidence.' In his message on X, KE Spokesperson said that today's decision by the Ombudsman has been a challenging moment for the KE family, for our stakeholders and well-wishers alike. On behalf of KE, want to state unequivocally: KE stands by the principles of truth, due process, and the values of a professional and respectful workplace. Copyright Business Recorder, 2025
Express Tribune
15 hours ago
- Business
- Express Tribune
Sindh Ombudsman finds KE CEO guilty of harassment, orders removal
Listen to article The Sindh Provincial Ombudsman has ordered the immediate removal of K-Electric's Chief Executive Officer, Moonis Alvi, and imposed a fine of Rs2.5 million after finding him guilty of workplace harassment. The order came in response to a complaint filed by Mahreen Aziz Khan, a former consultant and the company's first female CxO since its corporate restructuring began in 2009. The complaint, lodged in November 2020 under the Protection Against Harassment of Women at the Workplace Act, 2010, accused Alvi of harassment and creating a hostile environment. In his verdict, Justice (retd) Shahnawaz Tariq, who presided over the case, stated that Alvi had committed harassment and caused psychological distress to Khan and her team. Also Read: Pakistan launches new remote sensing satellite from China 'Accused No.1 Moonis Abdullah Alvi has committed harassment, created hostile environment and caused mental agony at the workplace to the complainant Mahreen Aziz Khan and her team,' the ruling said, citing Section 2(h) of the Act. The Ombudsman ordered Alvi's removal from service under Section 4(ii)(d) of the Act and directed him to pay the fine within one month. In case of non-compliance, the verdict allows for the seizure of his movable and immovable assets, and the blocking of his national identity card and passport. Three other individuals — Rizwan Dallal (Chief People Officer), Col (R) Wahid Asghar (Chief of Security), and Khalid Rafi (Board Member, HR Committee) — were also named in the original complaint but were discharged due to lack of evidence. 'In the absence of direct evidence, the allegations against the three co-accused could not be substantiated,' the ruling said. In a statement shared on social media platform X (formerly Twitter), Alvi expressed disappointment with the ruling. I have always upheld the values of integrity and dignity in professional interactions, and I deeply believe in fostering safe and inclusive workplaces for all. The recent verdict is deeply distressing to me. While I respect the legal process and the institutions that (1/4) — Moonis Alvi (@alvimoonis) July 31, 2025 'I have always maintained professionalism and integrity in all workplace relationships,' he said. 'The recent verdict is extremely distressing. I respect the legal system, though the outcome does not reflect the reality of my experience.' Alvi added that he is reviewing the decision with legal advisors and intends to appeal.
Business Recorder
21 hours ago
- Business
- Business Recorder
Sindh ombudsman orders to remove KE CEO Moonis Alvi for workplace harassment
The Sindh ombudsman has ordered to remove Syed Moonis Alvi from his position of K-Electric's chief executive officer (CEO), over his alleged involvement in a case pertaining to workplace harassment. Sindh Ombudsman for the Protection against Harassment of Women at the Workplace Justice (retired) Shah Nawaz Tariq has also imposed a fine of Rs2.5 million on Alvi in the same case. After allegation of harassing a woman was proven against him, the KE CEO must pay the fine within one month to the complainant through the registrar of the ombudsman's office, the Sindh government official stated. Meanwhile, Alvi has termed the ombudsman's decision 'deeply distressing' for him, saying the findings did not reflect the truth of the situation as he experienced it. Justice (retired) Tariq said in his decision that the KE CEO Alvi harassed and mentally tortured the complainant. 'If Moonis Alvi fails to pay the fine, his movable and immovable property should be confiscated,' he ordered. The ombudsman also stated that if Alvi does not pay the fine, his computerised national identity card (CNIC) and passport should also be blocked. Alvi was appointed CEO of KE in June 2018. Under his leadership, KE has undertaken a series of investments across the energy value chain. These investments include the development of 900 MW RLNG-fired power plant. He joined KE in 2008 and has served as the company's Chief Financial Officer and also held the roles of Company Secretary and Head of Treasury. Alvi holds 30 years of diversified experience in finance, financial planning, and capital restructuring. He is a Fellow member of the Institute of Chartered Accountants of Pakistan.
Business Recorder
21 hours ago
- Business
- Business Recorder
Sindh ombudsman orders to remove KE CEO Moonis Alvi for ‘workplace harassment'
The Sindh ombudsman has ordered to remove Syed Moonis Alvi from his position of K-Electric's chief executive officer (CEO), over his alleged involvement in a case pertaining to workplace harassment. Sindh Ombudsman for the Protection against Harassment of Women at the Workplace Justice (retired) Shah Nawaz Tariq has also imposed a fine of Rs2.5 million on Alvi in the same case. 'Moonis Abdullah Alvi is penalised under section 4(4)(ii)(c) of the Act, 2010, and is removed from his service instantly,' read the order issued by the ombudsperson. After allegation of harassing a woman was proven against him, the KE CEO must pay the fine within one month to the complainant through the registrar of the ombudsman's office, the Sindh government official stated. Meanwhile, Alvi has termed the ombudsman's decision 'deeply distressing' for him, saying the findings did not reflect the truth of the situation as he experienced it. Justice (retired) Tariq said in his decision that the KE CEO Alvi harassed and mentally tortured the complainant. 'If Moonis Alvi fails to pay the fine, his movable and immovable property should be confiscated,' he ordered. Moonis Alvi reappointed K-Electric CEO The ombudsman also stated that if Alvi does not pay the fine, his computerised national identity card (CNIC) and passport should also be blocked. In a series of tweets, the KE chief executive said he always upheld the values of integrity and dignity in professional interactions, and he deeply believed in fostering safe and inclusive workplaces for all. 'The recent verdict is deeply distressing to me. While I respect the legal process and the institutions that uphold it, I must, in good conscience, state that the findings do not reflect the truth of the situation as I experienced it,' he said. Alvi said he was reviewing the decision with his legal advisor to exercise his right to appeal. He said he was committee to bring the truth to light through all legal means. 'This has been a painful journey — not just professionally, but personally. I am currently reviewing the decision with my legal counsel and will be exercising my right to appeal. 'It is for anyone who feels wronged to be heard. I remain committed to ensuring that the truth is fully brought to light, through all lawful means available. 'In the meantime, I remain grateful for the support of those who know me, who have worked alongside me, and who believe in due process. My respect for the principles of justice and workplace dignity remains unwavering.' Alvi was appointed CEO of KE in June 2018. Under his leadership, KE has undertaken a series of investments across the energy value chain. These investments include the development of 900 MW RLNG-fired power plant. He joined KE in 2008 and has served as the company's Chief Financial Officer and also held the roles of Company Secretary and Head of Treasury. Alvi holds 30 years of diversified experience in finance, financial planning, and capital restructuring. He is a Fellow member of the Institute of Chartered Accountants of Pakistan.
Express Tribune
12-07-2025
- Business
- Express Tribune
KE CEO says consumers to face load-shedding till they pay bills
K-Electric Chief Executive Officer Moonis Abdullah Alvi said the power utility's consumers will continue experiencing load-shedding until they pay bills. Speaking at Express Tribune podcast, the K-Electric chief said the utility's ATNC loss is less than the average loss across the country at 28 per cent. Besides, the efficiency of power plants has improved from 30 per cent on aggregate basis to 45 per cent. He said the aggregate technical and commercial loss has slumped to 20 per cent from 42 per cent that was at the time of privatization. "We have spent around $4 billion on generation, transmission and distribution," said Alvi, adding the investment has made the company efficient. To a question, he said people come on roads to protest against the load-shedding and they will keep coming as long as they are facing power shutdown. He added that power consumers would keep facing load-shedding unless they pay for the electricity they consume or stop stealing electricity. The K-Electric CEO highlighted that the electricity in Karachi is supplied through 2,200 feeders. Of them, 70 per cent feeders are exempted from load-shedding. The rest of the areas face load-shedding due to Kunda connections. "We are unable to remove Kunda connections from those areas despite our concerted efforts. Even, when we removed them, they were reconnected to the supply lines," said Alvi, adding, "It is not possible for us to provide free electricity". He said the regulator has set K-Electric tariff at Rs40 per unit while the tariff for the other Discos is determined at Rs33 per unit. The K-E consumers are paying for per unit electricity at par power consumers across the country. Alvi noted the generation cost of K-Electric is Rs32 while the generation cost for the Discos across the country is Rs26, which includes nuclear and hydel power.
