UBL Secures GIDC Payments Collection Mandate from Sui Northern Gas Pipelines Ltd

Karachi: Farooq A. Khan, Group Head Corporate & Investment Banking UBL (seated – 2nd left) and Amer Tufail, Managing Director SNGPL (seated – 2nd right) pictured along with senior executives of both organizations at the signing ceremony of an agreement to appoint UBL as the sole partner for GIDC payments collection. The agreement was signed on November 9, 2020 at the SNGPL Head Office in Lahore. Under the agreement UBL will exclusively provide centralized liquidity management services to SNGPL with complete reporting to ensure efficient and accurate reconciliation of GIDC collections on behalf of SNGPL.