The Subversion process of this nation is at its last stages!

Each and every member of this government deserves most severe punishment for treason. While PSO faces collapse, now Dr. Asim says that two other strategic energy organizations -- Sui Southern and Sui Northern -- also face a total collapse. Innalillhe inna ilehe rajeoon.

They have robbed, looted and plundered this millat in this demon-cracy as if there is no tomorrow. They were sent to destroy Pakistan and they have done their job faithfully. This was NOT democracy. This was 4th and 5th GW. Now these snakes want more elections to finish what is left of our beloved Pak sarzameen. By Allah, we will bring these snakes to justice. Each one of them.

ISLAMABAD: Unless Rs7 billion life-saving injections are given, the two major gas companies, Sui Northern and Sui Southern, will be unable to continue their operations, Adviser to PM on Petroleum and Natural Resources Dr Asim Hussain revealed on Thursday.
The Sui Northern Gas Company has almost reached the verge of collapse as its financial miseries have touched a new high. The state-owned company is left with even not enough money to pay monthly salaries to its staff.

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Friday, February 15, 2013

Sui Northern on verge of collapse

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ISLAMABAD: Unless Rs7 billion life-saving injections are given, the two major gas companies, Sui Northern and Sui Southern, will be unable to continue their operations, Adviser to PM on Petroleum and Natural Resources Dr Asim Hussain revealed on Thursday. The Sui Northern Gas Company has almost reached the verge of collapse as its financial miseries have touched a new high. The state-owned company is left with even not enough money to pay monthly salaries to its staff. The Ministry of Petroleum and Natural Resources has thus sent a summary to the prime minister seeking Rs7 billion in soft-term loan to wriggle out of the existing financial morass.This was stated by Dr Asim Hussain in a meeting of the NA Committee on Petroleum and Natural Resources headed by Engineer Tariq Khattak. The adviser held Oil and Gas Regulatory Authority (Ogra) responsible for all financial miseries the Sui Northern was faced with. He also revealed that the company was unable to complete the gas schemes of MNAs for which the ministry had received directions from the PM Secretariat. The Sui Northern has not enough funds to pay the salaries and under this scenario it cannot complete the schemes. “We have asked the prime minister to extend reasonable subsidy and soft-term loan to provide solace to the sinking gas utilities so that they could stand on their feet.” Dr Asim lashed out at Ogra for inflicting a huge loss on both the gas utilities, Sui Northern and Sui Southern, and told the committee members that after June 30, both the entities could not run their operations. He said that the huge quantum of gas was being stolen, but the Ogra was not playing its role in helping recover the dues of the gas lost in the head of UFG (unaccounted for gas). The adviser said that Ogra was not permitting the gas entities to collect the amount from the gas consumers for the gas which is stolen, wasted on account of subversive activities and for the gas lost in the ‘no go areas’ because of the militants’ influence where staff of the gas utilities cannot be allowed to go for gas meter reading. Dr Asim said that Ogra Chairman Saeed Ahmad Khan was devoid of the financial acumen and, therefore, he was not responding to the increasing financial constraints for both the gas utilities. Ogra Chairman Saeed Khan responded to Dr Asim Hussain politely but with the anger in his tone saying that Ogra performed its functions as per law and bringing down the volume of UFG (unaccounted for gas) was the sole responsibility of the Sui Southern and Sui Northern. “The regulator has fixed the bench mark for UFG according to which both the companies are allowed to collect the amount from the gas consumers against the gas stolen and wasted in shape of line losses,” Mr Khan said. However, he said, they were not allowed to collect from the consumers beyond the UFG bench mark fixed by the Ogra. Khan said that adviser to PM wanted to wipe out existence of the regulator and there was no bar on behalf of the regulator. However, contrary to it, in the other countries, the regulatory regime is being strengthened to ensure justice to all the stakeholders, particularly to end consumers. The chairman of the NA Committee said that it was sheer injustice to those CNG stations which had been completed but were not allowed to become operational. He said 40 million people were benefiting from the CNG industry. Inayat Ali Shah, member of the committee, said that the gas companies cut the gas supply of the whole area to stop the supply to CNG stations. MNA Jamshed Dasti said that in the huge corruption of Rs82 billion, Tauqeer Sadiq was not alone, rather many faces needed to be exposed. He demanded that the government should bring Tauqeer Sadiq back and also expose those hidden faces who were also the beneficiaries of massive corruption.