Karachi, November 05, 2012 (PPI-OT): Please refer to your copy of our letter No ACL-4210/955 dated October 16, 2012.
We wish to inform that the Securities and Exchange commission of Pakistan (SECP) has advised vide their letter No. EMD/233/414/2002-1375 dated November 1, 2012 (copy enclosed) that the law does not envisage any extension in time for preparation and circulation of Quarterly Accounts for the 1st Quarter ended September 30, 2012. However, no panel action will be taken by the Commission, based on the reasons provided by the Company.
Application for Extension in Period of Submission of 1st Quarterly Accounts of the Company
Please refer to your letter dated October 16, 2012 and October 25, 2012, regarding the captioned subject.
2. In this connection, I am advised to inform you that the law does not envisage any extension in time for preparation and circulation of quarterly accounts. However the reasons provided by the Company for expected delay in submission of 1st quarterly accounts appear to be cogent and beyond the control of the Company, therefore, no penal action will be taken by the Commission.
For more information, contact:
Rohail Ahmed Abbasi
Assistant Director (Enforcement)
Sui Northern Gas Pipelines Limited
Gas House, 31- Kashmir Road,
P.O. Box: 56, Lahore (Pakistan)
Tel: 99080000, 99082000
Fax: 99201369, 99201302