JAZZ issues Rs10bn notice to SNGPL amidst baseless allegations

MG News | September 13, 2023 at 11:27 AM GMT+05:00

0:00

September 13, 2023 (MLN): While rejecting the accusations made by Sui Northern Gas Pipelines Limited (SNGPL), Jazz, Pakistan's leading mobile operator and digital company filed a lawsuit against the company worth Rs10 billion, citing baseless allegations.

The allegations in question revolve around the power sources used by Jazz's towers, which rely on generators for backup power, sources close to the matter told Mettis Link News on Wednesday.

Jazz clarified that all of its generators are diesel-operated and none of its towers are equipped with gas-operated generators, debunking the claims made by SNGPL.

A spokesperson for Jazz expressed concerns over the potential harm these baseless allegations could cause to investor confidence.

To note, Jazz has more than 15,000 towers across the country.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	178,853.10 424.99M	3.29% 5702.68
ALLSHR	107,335.86 693.28M	2.85% 2972.30
KSE30	54,676.69 210.97M	3.52% 1860.41
KMI30	250,620.93 139.36M	2.14% 5257.28
KMIALLSHR	68,647.30 398.45M	1.89% 1273.91
BKTi	52,773.10 107.33M	7.09% 3494.44
OGTi	35,032.42 34.95M	0.79% 274.54

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	67,495.00	68,570.00 66,910.00	-370.00 -0.55%
BRENT CRUDE	68.61	68.63 67.36	1.19 1.77%
RICHARDS BAY COAL MONTHLY	96.00	0.00 0.00	-3.00 -3.03%
ROTTERDAM COAL MONTHLY	105.50	0.00 0.00	-0.10 -0.09%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	63.36	63.38 62.04	1.10 1.77%
SUGAR #11 WORLD	13.62	13.69 13.47	0.14 1.04%