Karachi is also the financial capital and the industrial hub of Pakistan and by efficiently providing electricity, KESC ensures the engines of the country's economy continue running.
KESC is one of the city's largest employers: around 11,600 people currently work for the company. It is also one of the oldest companies in Karachi and was established in the city even before the creation of Pakistan in 1947. Incorporated on September 13, 1913 , under the Indian Companies Act of 1882, the company was nationalised in 1952 but was re-privatised on November 29, 2005. KESC came under new management in September, 2008; a significant number of professional managers with experience in running utility and other large companies have joined under this management and will be running it until the company is turned into a best practice utility. KESC is listed on all three of Pakistan's stock exchanges: the Karachi Stock Exchange, the Lahore Stock Exchange and the Islamabad Stock Exchange.