Sui Northern
Coverage of Sui Northern in the Nexus archive.
- Cabinet committee denies gas utilities exemption from international accounting standards
The Cabinet Committee on state-owned enterprises rejected a request by Sui Southern and Sui Northern gas utilities for exemption from IFRS-14 and IFRS-9 accounting standards. The Finance Minister directed further deliberations to address concerns about transparency and compliance under the SOEs Act 2023 and IMF requirements.
- Govt misses deadline for notifying gas tariff
The Pakistani government missed its July 1, 2026, deadline for notifying a biannual gas tariff under an IMF $7bn Extended Fund Facility (EFF) due to legal disputes over the acting chairman of the Oil and Gas Regulatory Authority (Ogra) and unresolved unaccounted-for-gas (UFG) reduction targets. The delay breaches a structural benchmark required for IMF program compliance, despite Ogra completing revenue requirement calculations.