SNGPL Eyes MD Extension Amid Rs3.6 Trillion Gas Debt Reforms

Sui Northern Gas Pipelines Limited (SNGPL) may extend MD Amer Tufail's tenure until a new MD is appointed, with his retirement set for January 2027. This comes as the government advances plans to unbundle state-owned gas utilities and implement a financial settlement mechanism to clear Rs 3.6 trillion in accumulated gas circular debt. SNGPL's own circular debt stands at Rs 545 billion, with reforms developed with World Bank support. These significant energy sector reforms and debt resolution efforts could influence Pakistan's economic stability and the Pakistani Rupee's trajectory.

بحوالہ / Source: www.brecorder.com