Pakistan, April 18 -- The National Electric Power Regulatory Authority (NEPRA) recently held a public hearing regarding K-Electric's (KE) claims for an additional write-off of Rs8.13 billion. A top auditing firm confirmed that the write-off claims complied with international standards and had full independence from KE management. However, NEPRA Chairman raised concerns about the independence of the auditors.

During the hearing, auditors from AF Ferguson, part of the PwC network, assured participants that they followed rigorous procedures. They conducted on-ground verification, customer surveys, and other assessments to ensure thoroughness. Despite these claims, NEPRA members questioned how to ensure the auditing process was completely in...