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KE proposes Rs5.729bn payment to PLL ‘under protest’
ISLAMABAD: K-Electric has proposed payment of Rs5.729 billion to Pakistan LNG Limited (PLL) in nine monthly instalments under protest, seeking withdrawal of demands for encashment of standby letters of credit (SBLCs) and waiver of late payment surcharge (LPS), amid an unresolved dispute over RLNG pricing during force majeure conditions. In a communication to PLL, KE’s Chief Financial Officer (CFO), Aamir Ghaziani, has offered to pay Rs636.5 million monthly from October 2026 to June 2027 against the differential relating to May and June 2026, when PLL imported spot LNG cargoes for supply to the...
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