Lahore: Sui Northern Gas Pipelines Limited (SNGPL) issued a statement on Wednesday addressing recent reports circulating on social media and digital newspapers concerning payments related to circular debts. The company clarified that it received payments from the Power Division on June 26 and 27, 2025. These payments pertain to SNGPL's current invoices for the months of April, May, and June 2025, marking them as routine business transactions.

The company emphasized that the payments are part of regular financial activities and should not be misconstrued as extraordinary or unusual events. This clarification comes amidst heightened speculation and misinformation spreading across various digital platforms regarding the financial interactions between SNGPL and the Power Division.

According to information available from the Pakistan Stock Exchange (PSX), the transaction is consistent with the company's standard operational procedures and does not signify any significant deviation from its usual financial dealings. SNGPL's statement aims to provide transparency and reassurance to its stakeholders, including the TRE Certificate Holders of the Exchange, ensuring that they are informed of the authenticity and routine nature of the transactions.

The disclosure was made in compliance with Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of the PSX Regulations, underscoring the company's commitment to regulatory adherence and accurate public communication.