Forensic audit, CNG body is cooperating with Ogra

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All Pakistan CNG is cooperating with the Oil and Gas Regulatory Authority (Ogra) to carry out a forensic audit in the light of the Supreme Court Judgment, Chairman of APCNG Supreme Council Ghiyas Abdullah Paracha said on Sunday.

Auditors, he said, should consider all aspects of the Compressed Natural Gas (CNG) business such as international and local issues, laws, low pressure of gas, ever-increasing power tariff and opinion of all stakeholders, said Ghiyas Abdullah Paracha.

Terming the audit a step in the right direction, he said the council had hired the services of Faisal Latif and Company Chartered Accountants who were assisting Ogra''s audit teams in all provinces and Islamabad. "In response to an Ogra letter, we have also deposited our audit accounts," he said. He said: "Our focal person is extending full co-operation to Ogra in connection with the forensic audit and its audit teams in Karachi, interior of Sindh, Punjab, Balochistan, Khyber-Pakhtunkhwa and Islamabad."

Stressing the need for hearing out all stakeholders in finalising the production cost, he said that the council hoped that supply of gas at full pressure would be ensured. According to him, as many as 2,300 CNG stations across the country remained closed for two days a week and they worked for just 18 days a month. The operating cost of diesel generators during the lengthy power outages should also be included in determining the production cost, he said. The audit of CNG stations was a step in the right direction, but it should be based on merit, Piracha said.

Courtesy: Business Recorder


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