sngp News
SNGP clarifies IFRS exemption proposal still under review
Sui Northern Gas Pipelines Limited (PSX:SNGP) has clarified that no final decision has yet been taken on a proposal seeking exemption for specified energy sector State-Owned Enterprises from the applicability of International Financial Reporting Standards (IFRS-14 and IFRS-9), and that the matter remains under consideration by the Federal Government.
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SNGP clarifies CEA tax dispute after LHC rules in its favor
Sui Northern Gas Pipelines Limited (PSX:SNGP) has secured a favorable decision from the Lahore High Court regarding a disputed tax demand linked to Cost Equalization Adjustment (CEA) expenditure, with the court ruling that the amount qualifies as "wholly and exclusively for the purpose of business."
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SNGP approves wholly owned subsidiary with Rs1bn capital
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.
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 174,429.93 266.16M | -0.97% -1703.64 |
| ALLSHR | 105,686.64 690.97M | -0.83% -882.18 |
| KSE30 | 52,098.85 92.59M | -1.07% -565.05 |
| KMI30 | 245,280.51 99.76M | -1.03% -2557.91 |
| KMIALLSHR | 67,681.60 339.32M | -0.84% -574.20 |
| BKTi | 49,745.96 31.42M | -0.99% -497.94 |
| OGTi | 34,431.76 6.26M | -0.55% -190.66 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 65,970.00 | 0.00 0.00 | -40.00 -0.06% |
| BRENT CRUDE | 94.92 | 95.47 91.31 | 3.91 4.30% |
| RICHARDS BAY COAL MONTHLY | 105.75 | 0.00 0.00 | -1.25 -1.17% |
| ROTTERDAM COAL MONTHLY | 119.65 | 0.00 0.00 | -0.45 -0.37% |
| USD RBD PALM OLEIN | 1,135.00 | 1,135.00 1,135.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 86.48 | 88.61 84.44 | 2.14 2.54% |
| SUGAR #11 WORLD | 14.75 | 14.94 14.67 | -0.13 -0.87% |
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