Advertisement
Categories: BusinessNewsPakistan

SSGC Faces Backlash for Sending Excessive Bills to Mask Losses

Advertisement

The management of Sui Southern Gas Company (SSGC) is facing criticism for sending over 11 billion rupees in additional bills to consumers, allegedly as part of a planned effort to cover up the company’s losses and gas theft. The additional charges, which amount to 23 billion cubic feet of gas, have been sent under a scheme aimed at misrepresenting the company’s financial health and obscuring the true extent of its losses.

By sending these inflated bills, SSGC has artificially reduced its Unaccounted-for Gas (UFG) percentage from 18% to 10%. Lowering the UFG is seen as a move to present the company as profitable, despite the ongoing financial strain. From July 2023 to May 2024, consumers have been burdened with an additional 11 billion rupees in bills, which include charges under various categories such as gas theft, slow meters, and PUJ (Petroleum and Gas Usage).

SSGC’s total number of consumers exceeds 3.5 million, and during this period, the company sent a total of 79 billion rupees in bills, which is 44 billion rupees more than the previous year. In Karachi, across Sindh, and in parts of Balochistan, the practice of charging consumers for slow meters and PUJ charges continues, with millions of rupees collected under these controversial categories.

This move has raised serious concerns regarding transparency and accountability within SSGC, with critics accusing the company of attempting to deceive the government, Ogra, and other stakeholders about its true financial performance.

Advertisement
Zubair Yaqoob

Zubair Yaqoob is a senior anchor, and an investigative journalist with an impressive 37 years of experience. Zubair's journalistic journey has been marked by a relentless pursuit of truth and a commitment to delivering impactful stories. Zubair's expertise extends beyond borders, reaching as far as Malaysia, where he has left an indelible mark on the international journalism landscape. His global perspective and keen analytical skills have allowed him to navigate diverse cultural landscapes, bringing a unique and enriching perspective to his reporting. Whether he's in the studio or on the field, Zubair continues to be a driving force in the world of journalism, bridging gaps, fostering understanding, and unraveling the stories that matter most. As the Headline PK Author, Zubair remains at the forefront of news, guiding audiences through the complexities of our ever-evolving world.

Recent Posts

Unmissable events in Dubai this June for Pakistani visitors

Dubai has long been a favourite destination for people from Pakistan, offering a vibrant mix…

2 days ago

Bank Alfalah partners with IBA and PAQI to launch Karachi’s first scientific Emissions Inventory Report

Marking World Environment Day, Bank Alfalah, in collaboration with the Pakistan Air Quality Initiative (PAQI)…

2 days ago

Karachi Fault Line Active as City Experiences Multiple Earthquakes Over Two Days

Karachi has been rattled by a series of low-intensity earthquakes over the past two days,…

4 days ago

AI with a Human Touch: The Next Step for Pakistani Banking Industry

No one likes standing in long lines, filling endless forms, or waiting days for a…

5 days ago

Government Weighs Income Tax Cuts, Pay Hikes, and Sector Relief in Budget 2025–26

The federal government is reviewing a series of relief proposals aimed at easing financial pressure…

5 days ago

Emirates Pakistan and Consulate of Italy Ink Partnership to Enhance Diplomatic Travel and Cultural Exchange

Emirates, the world's largest international airline, has signed a Memorandum of Understanding (MOU) with the…

5 days ago