New Delhi, April 14 (IANS) Pakistan’s benchmark KSE-100 Index witnessed sharp volatility this week, plunging in early trade on Monday after US-Iran talks failed to yield a breakthrough, before staging a strong rebound a day later on hopes of renewed diplomacy.The index tumbled nearly 4,800 points within minutes of the market opening on Monday — reflecting panic selling across sectors.During early trade on the same day, the gauge was trading at 162,396.21, down 4,795.16 points, or 2.87 per cen…
Latest Sui Southern Gas Company News & Updates
Islamabad, April 14 (IANS) Residents in Pakistan’s Karachi have been facing difficulties as the Sui Southern Gas Company (SSGC) has failed to ensure gas supply even during meal hours three times a day, local media reported on Tuesday. The SSGC claimed that it was providing gas to households from 6 am to 10:30 pm (local time) without any disruption. However, over the past two weeks, people of Karachi have complained about unannounced gas outages in their localities. The gas shortage has triggered…
Islamabad, April 11 (IANS) Gas supply to Sibi district and its surrounding areas in Pakistan’s Balochistan province was disrupted after unidentified armed men blew up a pipeline, according to officials, local media reported. Citing sources, Pakistani daily Dawn reported that a four-inch-diameter gas pipeline exploded late Thursday night on the outskirts of Sibi town, which caught fire following the blast.The engineers from Sui Southern Gas Company (SSGC) suspended the gas supply through the affe…
Quetta, March 31 (IANS) Gas supply to Quetta and several districts of Pakistan’s Balochistan province has been disrupted after unidentified assailants blew up the main gas pipeline at Western Bypass area, local media reported on Tuesday. Sui Southern Gas Company (SSGC) spokesperson said, “An 18-inch diameter main gas pipeline was blown up by unknown people,” adding that the incident occurred in Akhtarabad area, Pakistan’s leading daily Dawn reported. Police said that the armed men planted an exp…
New Delhi, March 21 (IANS) Pakistan will continue to pay over $15 million a month in capacity and utilisation charges to its LNG terminals even after QatarEnergy declared force majeure earlier this month, according to a new report.According to the report by The News International, Pakistan is making daily payments of about $538,535 to the two terminals despite the suspension of LNG production from March 2.Federal Minister for Petroleum, Ali Pervaiz Malik, reportedly criticised the agreements, de…
Islamabad, Feb 21 (IANS) Pakistan’s gas sector incurs losses of up to 30 billion Pakistani rupees annually due to theft and system inefficiencies, with lawmakers warning that the financial burden ultimately falls on consumers, local media reported on Saturday. A Pakistani parliamentary panel was informed of the losses during a meeting of the National Assembly Standing Committee on Energy, chaired by Syed Mustafa Mahmood. The gas officials briefed the committee that Sui Northern Gas Pipelines Lim…
Quetta, Jan 11 (IANS) Protests were held in Pakistan’s Quetta due to prolonged gas shortages amid a severe cold weather, with residents blocking roads and burning tyres along low pressure and disruption of supplies, local media reported on Sunday. Gas supply has been reduced in several areas amid severe cold, causing serious difficulties for people who are trying to keep their homes warm. The loadshedding in Quetta and surrounding areas has been implemented by the Sui Southern Gas Company (SSGC)…