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Company Profile
 

Corporate Structure

ISGS is a private limited Company, initially owned by Pakistan’s two major gas utility companies; SSGC 51% while SNGPL 49%. Over the years the Company intensified its operations and considerable headway was achieved in its on-going transnational pipeline projects. In order to meet the growing capital requirements of the Company to implement the projects on import of gas through pipelines and Under Ground Storage (UGS), the Shareholders on the recommendations of the Board increased the Authorized Share Capital of the Company from Rs. 10 million to Rs. 20 billion. The Company took up the process of increasing its Paid-up Capital to cater its capital requirements.
In view of its current shareholding, ISGS, under the Company Ordinance 1984, is a subsidiary of Government Holdings (Private) Limited. Under its Memorandum and Articles of Associations, the Company has nine (9) members on its Board of Directors, representing the shareholding Companies in accordance with the voting securities held by each.
 

Share Capital

The initial authorised share capital of the Company was Rs. 10,000,000 (rupees ten million) divided into 1,000,000 shares of Rs. 10.00 each, while its paid-up capital was Rs. 1,000.00 only. Currently, the authorised share capital of the Company is Rs. 20 billion and with the equity injection by GHPL, the paid up capital stands increased to Rs. 932,000,000 subscribed by the existing share holders.
 
 
 
Registered Office:
517, Main Margalla Road, F-10/2, Islamabad
Tel. 051-9267672-74, Fax: 051-9267671
Website: www.isgs.pk
 
Mr. Mobin Saulat,
Managing Director/Chief Executive Officer

 


 
 
 
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