Pakistan, June 5 -- ISLAMABAD - In a significant regulatory move, the National Electric Power Regulatory Authority (NEPRA) has approved a Rs50.01 billion write-off for K-Electric (KE), clearing long-disputed receivables from its 2017-2023 Multi-Year Tariff (MYT) period. The decision provides long-awaited clarity to the utility's financials but comes with a catch - any recovered amount must be passed back to consumers.

The ruling, issued Thursday, allows KE to treat the amount as "final and unrecoverable" after the company claimed the dues stem from chronic defaulters, despite repeated collection efforts. KE's auditors supported the company's assertion that these dues could not realistically be recovered.

However, NEPRA wasn't fully conv...