Karachi: Sui Southern Gas Company Limited (SSGC) has responded to inquiries concerning a news item published on June 28, 2024, regarding its network system projects. The company clarified that these initiatives involve process reinforcement, replacement, and rehabilitation, which are regular parts of its operations.

According to information available from the Pakistan Stock Exchange (PSX), SSGC operates under a regulated regime where its revenue adjustments are made by the regulatory authority based on set benchmarks. The company emphasized that the impacts of such projects on revenue cannot be determined until after official revenue assessments by the regulator.

SSGC's response comes after the publication of an article in Business Recorder, which the company asserts should not be viewed as price-sensitive information. This clarification is intended to dispel any misconceptions about the need for disclosure related to the mentioned projects.

The company hopes this clarification will suffice to address any concerns raised by the PSX and exempt SSGC from additional disclosure obligations under current regulations.