Articles tagged “Sui Northern Gas”

Cabinet Blocks IFRS Relief for Sui Gas Utilities Sitting on Rs 3.44 Trillion Debt

Pakistan's Cabinet Committee on SOEs rejected a formal request by Sui Southern Gas Company and Sui Northern Gas Pipelines Limited to be exempted from IFRS-9 and IFRS-14 international accounting standards on Thursday. Finance Minister Muhammad Aurangzeb cited the SOEs Act 2023 and IMF programme conditions in opposing the move, while the gas sector's circular debt stands at Rs. 3.44 trillion.