Sui Northern Gas Pipelines Limited (SNGPL) announced the establishment of a wholly owned subsidiary with an authorised capital of Rs1 billion.
According to a disclosure submitted to the Pakistan Stock Exchange and the Securities and Exchange Commission of Pakistan on Thursday, the decision was taken during the company’s 638ᵗʰ board meeting held on June 25, 2025.
The subsidiary will be launched with an initial paid-up capital of Rs50 million.
“The Board of Directors in its 638ᵗʰ Meeting held on Wednesday, June 25, 2025 has accorded approval to proceed with the formation/registration of a wholly owned subsidiary company with an authorised share capital of Rs. 1 billion and an initial paid-up capital of Rs. 50 million,” read SNGPL’s notice to the PSX.
SNGPL said that all registration-related expenses borne by SNGPL will be reimbursed by the new entity after its formation.
Sui Northern Gas Pipelines Limited is a public limited company incorporated in Pakistan under the Companies Act,1913 (now Companies Act, 2017). The principal activity of the company is the purchase, transmission, distribution and supply of natural gas.
