ISLAMABAD: The meeting on strategy on how to merge state-owned LNG entities was held here on Thursday with secretary Petroleum Division in the chair but it surprisingly decided not to merge the Pakistan LNG Limited (PLL) and Pakistan LNG Terminal Limited ostensibly against the federal government's decision taken six months back in favor of merger of the two entities.
The federal cabinet had decided the merger of two entities based on the facts that their many functions overlap with each other and more importantly their expenses are unjustified and the said companies always seek government financial guarantees. Had the said companies been merged, then their expenses which LNG consumers pay in the tariff would have considerably lowered, but unfortunately the meeting didn’t take the required decision.
Now after six months since the federal cabinet took the decision, a meeting was held which was attended by government nominated directors in board of directors of both 100 percent state-owned companies — PLL and PLTL, and chairmen of both the BoDs, but it came up with the decision not to merge the two companies unless the two boards come to the conclusion that it is in the best national interest to merge.
The two boards will further deliberate on this issue and another meeting will be held after a month to discuss the merger issue again. However, one of the government nominated directors told The News that most likely no merger was going to happen.
In an interview with a private TV channel on Friday, the senator said, “Making independent members senators is a...
All the lawyers requested that the court seek decisions from the AG regarding the release of these 20 individuals
Rehman emphasized that restoration and adherence to Constitution would encompass democracy within political parties,...
Court after hearing the matter for more than three hours, telecasted live, sought replies from the federal government...
Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur. —Radio PakistanISLAMABAD. All the witnesses have been...
Former prime minister, MNA Raja Pervez Ashraf speaking on the occasion of World Press Freedom Day at the National...