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LNG consumers charged Rs473m illegally in 7 months


LNG consumers charged Rs473m illegally in 7 months
August 4, 2021
ISLAMABAD: The government has charged almost $2960,000 (Rs473 million) illegally from LNG consumers in last seven months in the name of margin of PLTL (Pakistan LNG Terminal Limited) despite its merger into Pakistan LNG Limited (PLL) on Jan 1, 2021.
The PLTL Board of Directors has been abolished and there is no MD (Managing director) and CFO (Chief Financial Officer) of the PLTL in place since its merger.
Interestingly, the government is found to have charged LNG consumers in the last seven months in the name of the PLTL margin being part of LSA (LNG Services Agreement) Management Fee that stands at $0.025 per MMBTU. ....

Services Agreement , Services Agreement Management Fee , Exchange Commission Of Pakistan , Terminal Ltd , Company Registration Office , Ministry Of Energy , Chief Financial Officer , Management Fee , Company Secretary , Commercial Operation , Exchange Commission , Registration Office , Terminal Management Fee , பரிமாற்றம் தரகு ஆஃப் பாக்கிஸ்தான் , முனையத்தில் லிமிடெட் , நிறுவனம் பதிவு அலுவலகம் , அமைச்சகம் ஆஃப் ஆற்றல் , தலைமை நிதி அதிகாரி , மேலாண்மை கட்டணம் , நிறுவனம் செயலாளர் , வணிகரீதியானது செயல்பாடு , பரிமாற்றம் தரகு , பதிவு அலுவலகம் ,

Rs473m charged illegally from LNG consumers in seven months


Rs473m charged illegally from LNG consumers in seven months
August 4, 2021
ISLAMABAD: The government has charged almost $2,960,000 (Rs473 million) illegally from LNG consumers in the last seven months in the name of margin of PLTL (Pakistan LNG Terminal Limited) despite its merger into Pakistan LNG Limited (PLL) on Jan 1, 2021.
The PLTL Board of Directors has been abolished and there is no MD (Managing director) and CFO (Chief Financial Officer) of the PLTL in place since its merger. Interestingly, the government is found to have charged LNG consumers in the last seven months in the name of the PLTL margin being part of LSA (LNG Services Agreement) Management Fee that stands at $0.025 per MMBTU. ....

Services Agreement , Services Agreement Management Fee , Exchange Commission Of Pakistan , Terminal Ltd , Company Registration Office , Ministry Of Energy , Chief Financial Officer , Management Fee , Company Secretary , Commercial Operation , Exchange Commission , Registration Office , Terminal Management Fee , பரிமாற்றம் தரகு ஆஃப் பாக்கிஸ்தான் , முனையத்தில் லிமிடெட் , நிறுவனம் பதிவு அலுவலகம் , அமைச்சகம் ஆஃப் ஆற்றல் , தலைமை நிதி அதிகாரி , மேலாண்மை கட்டணம் , நிறுவனம் செயலாளர் , வணிகரீதியானது செயல்பாடு , பரிமாற்றம் தரகு , பதிவு அலுவலகம் ,

Plea against framing of rules not maintainable, SECP and PSX tell SHC - Pakistan


This file photo shows the Sindh High Court. Wikimedia Commons/File
KARACHI: The Pakistan Stock Exchange (PSX) and the Securities and Exchange Commission of Pakistan (SECP) on Tuesday informed the Sindh High Court that a petition filed against framing of regulations was not maintainable as they were not liable to invite public comments about criteria.
They further contended that all regulations of PSX were statutory in nature and were framed under Securities Act, 2015 and amended from time to time and binding on the petitioner and all listed companies.
The Pakistan Stock Brokers Association through its lawyer had moved the SHC against the PSX and the SECP and challenged a portion [4(i)] of futures eligibility criteria for selection of securities eligible for trading, which said the securities of companies not complying with following conditions to be ineligible: “No investigation/inquiry has been concluded against the company with adverse findings of mismanagement o ....

Justice Mohammad Shafi Siddiqui , Pakistan Stock Exchange , Pakistan Stock Brokers Association , Sindh High Court , Exchange Commission Of Pakistan , Exchange Commission , Securities Act , Unity Foods , நீதி முகமது ஷாஃபி ஸிடீக்வி , பாக்கிஸ்தான் ஸ்டாக் பரிமாற்றம் , பாக்கிஸ்தான் ஸ்டாக் தரகர்கள் சங்கம் , சிந்த் உயர் நீதிமன்றம் , பரிமாற்றம் தரகு ஆஃப் பாக்கிஸ்தான் , பரிமாற்றம் தரகு , பத்திரங்கள் நாடகம் , ஒற்றுமை உணவுகள் ,