Payments from Power Division ‘part of routine business', says SNGPL
This was informed to the Pakistan Stock Exchange (PSX) by SNGPL about various news items circulating on social media networks/ digital newspapers regarding payments against circular debts.
SNGPL to establish wholly-owned subsidiary
'These payments relate to the company's current invoices for the months of April, May, and June 2025 and are part of routine business transactions,' the SNGPL informed the bourse.
SNGPL is a public limited company incorporated in Pakistan under the Companies Act,1913 (now Companies Act, 2017).
The principal activity of the company is the purchase, transmission, distribution and supply of natural gas.
SNGPL recorded its highest-ever profitability in FY2023–24, with a remarkable profit before tax of around Rs30 billion.
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Listen to article The government on Friday pitched a new package before foreign donors for up to Rs10.5 per unit reduction in prices on additional use of electricity by industrial and agricultural sector consumers to boost demand, which had dipped by one-fifth due to unaffordable prices. The Minister for Power, Sardar Awais Laghari, shared the broader contours of the Industrial Support Package (2026-28) with over a dozen representatives of international development organisations to seek their diplomatic support to reduce prices. The package appeared to be gaining traction with lenders, but their observations centred on the sustainability of the increase in demand and the viability of the national grid electricity. They raised concerns about relying solely on price signals to boost dwindling electricity demand instead of implementing comprehensive reforms in the energy sector, which include ensuring the reliability of the national grid power. 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