Regulations

Regulatory Regime comprises of:
Companies Ordinance 1984.
Such other Rules and Regulations which the Securities and Exchange Commission of Pakistan (SECP) may prescribe.
Listing Regulations of all the Stock Exchanges i.e. Karachi, Lahore and Islamabad.
Public Sector Companies (Corporate Governance) Rules 2013 & Code of Corporate Governance 2012.
Oil & Gas Regulatory Authority Ordinance (XVII of 2002) dated 28th March 2002.
Natural Gas Regulatory Authority (Licensing) Rules 2002 dated 26th February 2002.
Natural Gas Tariff Rules 2002 (Draft – 5 July 2002).
Such other Rules and Regulations which the Oil & Gas Regulatory Authority (OGRA) may prescribe.
Public Procurement Regulatory Authority (PPRA) Ordinance, 2002.
 
Under the existing pricing and regulatory regimes, following operating conditions have been laid down:
Allocation of gas from different sources is made by GOP while the wellhead prices are fixed by the OGRA per Petroleum Concession Agreements/contracts.
Consumer selling price including sales to major consumers (i.e. power, fertilizers etc) are notified by the GOP/OGRA.
SNGPL is guaranteed a rate of return @ 17.5% on its net fixed assets in operation (ROA) for meeting financial charges, taxation and a reasonable return to the shareholders.
The prescribed price i.e. the price which the company is allowed to retain out of consumers selling price to meet the covenanted rate of return, is determined by OGRA.
Regulations:
Karachi Stock Exchange Regulations
Lahore Stock Exchange Regulations
Islamabad Stock Exchange Regulations
Central Depositories Act 1997

Updated: 11-10-2016