Tag: SNGPL

  • SNGPL to distribute 100,000 LPG cylinders to meet energy shortage

    SNGPL to distribute 100,000 LPG cylinders to meet energy shortage

    KARACHI: Sui Northern Gas Pipelines Limited (SNGPL) has approved the supply of 100,000 cylinders of LPG gas to meet energy needs in coming winter.

    In a material information shared with the Pakistan Stock Exchange (PSX) on Monday, SNGPL said in view of potential gas shortfall in the forthcoming winter, the Ministry of Energy (Petroleum Division) has advised to explore all possible options to meet energy needs of consumers, including supplying LPG cylinders.

    Accordingly, the Board of Directors of SNGPL in their meeting dated September 28, 2022, has approved the project of LPG distribution with 100,000 Cylinders.

    The estimated initial investment for the venture is up to Rs 1,200 million. The return on investment is not subject to present ROA regime and will be determined as per market dynamics.

  • Meezan Bank, SNGPL sign deal for digital bill collection

    Meezan Bank, SNGPL sign deal for digital bill collection

    KARACHI: Meezan Bank has recently signed an agreement with Sui Northern Gas Pipelines Limited (SNGPL) to enable digitalization of consumer bill collection via the Bank’s state-of-the-art Transaction Banking Solution (eBiz+).

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    The agreement was signed by Irfan Siddiqui – Founding President & CEO, Meezan Bank and Ali J. Hamdani – Managing Director and CEO, SNGPL in the presence of other key management members including Ariful Islam – Deputy CEO, Abdullah Ahmed – Group Head Corporate and Institutional Banking, M. Saqib Ashraf – Head Transaction Banking and M. Munir – Head Payments and Cash Management from Meezan Bank, and Faisal Iqbal – Chief Financial Officer, SNGPL.

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    As per the agreement, Meezan Bank will provide transaction banking services (eBiz+) to SNGPL enabling payment of gas bills by the residents of Punjab, Khyber Pakhtunkhwa (KPK) and Azad Jammu & Kashmir (AJ&K) via e-channels and branch banking avenues offered by the Bank.

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    On this occasion, Ali J. Hamdani shared SNGPL’s ambition to become a leader in sourcing energy across Pakistan while providing ease of access to its consumers via eBiz+ collection services.

    Irfan Siddiqui, also commented on the occasion, said: “The agreement between Meezan Bank and SNGPL will not only strengthen the Bank’s transaction banking portfolio but will also improve the bill collection process by making it more accessible to millions. SNGPL is already a trusted corporate client for the Bank and this agreement further strengthens our relationship.”

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