SNGP approves wholly owned subsidiary with Rs1bn capital

MG News | June 26, 2025 at 09:48 AM GMT+05:00

0:00

June 26, 2025 (MLN): The Board of Directors of Sui Northern Gas Pipelines Limited (PSX: SNGP) has approved the formation and registration of a wholly owned subsidiary company with an authorized share capital of Rs1 billion and an initial paid-up capital of Rs50 million.

According to the company, any costs incurred by SNGP for the registration process will be charged to the new entity and recovered from it once it is established, the company's filing on PSX revealed today.

The principal activity of the company is the purchase, transmission, distribution, and supply of natural gas.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	150,016.16 145.54M	0.56% 837.50
ALLSHR	90,164.34 252.99M	0.46% 410.34
KSE30	45,486.46 99.07M	-0.00% -1.03
KMI30	214,854.66 60.89M	0.67% 1433.99
KMIALLSHR	58,253.19 111.97M	0.44% 254.55
BKTi	41,815.03 51.07M	-1.21% -510.60
OGTi	30,860.86 6.60M	0.86% 262.33

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	74,265.00	76,190.00 73,305.00	145.00 0.20%
BRENT CRUDE	103.60	104.98 101.44	3.39 3.38%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-11.70 -10.53%
ROTTERDAM COAL MONTHLY	121.75	122.00 121.75	0.60 0.50%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	96.89	98.42 93.88	3.39 3.63%
SUGAR #11 WORLD	14.40	14.44 14.19	0.21 1.48%