Pakistan Market: KEL financials released after finalization of multi-year tarif – By IIS Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">In the recently released financial reports, the directors of KElectric (KEL) reported that the financials were stuck due to the issue of determination of Multi-Year Tariff (MYT) for a period of 10 years where the company has filed MYT petition with NEPRA which was finalized on July 8, 2018.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">To recall, the validity of KEL&amp;rsquo;s previous MYT was from 2009&amp;mdash;2016. Moreover, the directors of GUTM have reported about the initiation of the company&amp;rsquo;s debt restructuring process with the help of lending financial institutions as it would improve company&amp;rsquo;s financial health and liquidity issues. Meanwhile, the directors of PRIC reported net income of...