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Jazz serves Rs10 billion defamation notice to SNGPL for baseless allegations

04:06 PM | 13 Sep, 2023
Jazz serves Rs10 billion defamation notice to SNGPL for baseless allegations

ISLAMABAD - In response to the recent baseless allegations of gas theft by Sui Northern Gas Pipeline Limited (SNGPL), Jazz, Pakistan’s largest digital operator, has served the gas company with a Rs 10 billion defamation notice.

Categorically refuting SNGPL’s false claims of gas theft at a Karak (KP) site, the telecom company has served a legal notice to SNGPL.

Jazz has reiterated its stance that there’s no provision for natural gas use at any of its network sites across the country, a fact that is also corroborated by the picture of the diesel generator that SNGPL itself shared in its X (formerly Twitter) post on the matter.

As per the legal notice accusations against Jazz are frivolous and lack merit. SNGPL's allegation against Jazz, which is a significant contributor to the national economy, holds no basis. Moreover, baseless accusations like this can undermine investor confidence and potentially have a negative impact on the country's economy.

Jazz ensures that its electricity and fuel arrangements are completely legitimate. As part of its backup power plan, Jazz has established agreements with third-party vendors to exclusively supply diesel fuel for generators at multiple locations.

Jazz enjoys an impeccable reputation and highly values the trust placed in it by its stakeholders. Such accusations could potentially damage investor confidence and harm national interests not only damaging foreign investor confidence but also harm national interests.

Daily Pakistan Global Web Desk

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PKR exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 13 April 2024 Forex Rates

Pakistani currency remains largely same against US dollar and other currencies in open market on April 13, 2024.

US Dollar rate in Pakistan

On Saturday, the US dollar was being quoted at 277.4 for buying and 280.65 for selling.

Euro was quoted at 299.95 for buying and 302.9 for selling while British Pound stands at 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.45 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 12 April 2024

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