News & Events

NA body approves Corporate Restructuring Companies Bill

Press Release | March 4, 2016 | Securities & Exchange Commission of Pakistan

NA body approves Corporate Restructuring Companies Bill

ISLAMABAD, March 4: The National Assembly Finance Committee on Finance and Revenue on Friday unanimously approved the draft of the Corporate Restructuring Companies Bill, 2016. Mr Qaiser Ahmad Sheikh chaired the meeting. The bill is aimed at establishing a new business regime under which corporate restructuring companies are to be incorporated, licensed and regulated by the SECP to perform the business of acquisition, management, restructuring and resolution of ‘non-performing assets of financial institutions’ and restructuring, reorganization, revival and liquidation of ‘commercially or financially distressed companies and their business’. read more

OGRA determines LNG price at $ 8.99 per MMBTU

Business | MARCH 30, 2016 BY 

The Oil and Gas Regulatory Authority (OGRA) has determined price of the Liquefied Natural Gas (LNG) delivered on ex-ship (DES) basis as $ 8.99 MMBTU without the inclusion of the general sales tax. The decision was made in a review petition of the provisional LNG price filed by the stated-owned Pakistan State Oil (PSO), Sui Southern Gas Company (SSGC) and Sui Northern Gas Pipelines Limited (SNGPL). read more