BeNewz Report ISLAMABAD: Pakistan’s energy regulator is weighing significant gas tariff increases for fiscal year 2026-27, as an independent consultant has recommended a gradual reduction in unaccounted-for-gas (UFG) losses over the next five years. The Oil and Gas Regulatory Authority (Ogra) has scheduled public hearings on May 12 in Lahore …
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–Finance body approves key SOE decisions, defers gas firms’ IFRS exemption BeNewz Report ISLAMABAD: The Cabinet Committee on State-Owned Enterprises (CCoSOEs) on Thursday approved multiple governance changes across key public sector entities during a meeting chaired by Finance Minister Muhammad Aurangzeb in Islamabad. The meeting reviewed and cleared a summary …
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Aftab Maken ISLAMABAD: Pakistan’s gas sector circular debt has surged to Rs 3,283 billion, piling pressure on public finances as Sui Northern and Sui Southern report combined annual losses of Rs 60 billion from theft and leakages. The disclosure came during a meeting of the National Assembly of Pakistan Standing …
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Aftab Maken ISLAMABAD: The 12th meeting of the National Assembly Standing Committee on Petroleum, chaired by Syed Mustafa Mehmood, reviewed significant developments in the gas and LNG sector, with Federal Minister for Petroleum Ali Pervaiz Malik highlighting major reforms and consumer relief measures. The Federal Minister informed the Committee that …
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BeNewz Report ISLAMABAD: The Cabinet Committee on State-Owned Enterprises (CCoSOEs), led by Finance Minister Senator Muhammad Aurangzeb, approved a slate of key board appointments in several major Pakistani SOEs during its meeting in Islamabad on Monday. The committee endorsed the appointment of an independent director to Zarai Taraqiati Bank Limited …
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BeNewz Report The Federal Cabinet has decided to lift the ban on new gas connections while also declaring agricultural and climate emergencies across the country. At a joint press conference, Federal Minister for Energy Ali Pervez Malik and Federal Minister for Parliamentary Affairs Dr. Tariq Fazal Chaudhry said the Prime …
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BeNewz Report Pakistan has invited Expressions of Interest from consultancy firms to assess and propose remedies for unaccounted-for-gas losses at SNGPL and SSGC, with submissions due by October 6, 2025. The government has decided to hire consultants to conduct a comprehensive study into unaccounted-for-gas (UFG) losses faced by Sui Northern …
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Sui Northern Gas Pipelines Limited (SNGPL) has issued reminder notices to several public sector organizations and departments for the payment of long-outstanding dues. The company urges all such public sector entities to settle their dues immediately to avoid further legal or administrative action. Final notices have been served to these …
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Sui Northern Gas Pipelines Limited (SNGPL) convened its 60th Annual General Meeting (AGM) of shareholders on Thursday, May 22, 2025, in Lahore. The shareholders approved the annual audited financial statements for the fiscal year ended June 30, 2024. The Company achieved its highest ever profitability, recording a profit before tax …
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The Oil and Gas Regulatory Authority (OGRA) has approved revised gas prices for Sui Southern Gas Company (SSGC) and Sui Northern Gas Pipelines Limited (SNGPL), though the changes require final approval from the federal government. A summary outlining the proposed adjustments has been forwarded for their consideration. According to the …
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