LAHORE - The news item appeared in daily TheNation dated November 16, 2010 was not correct and presented complete distortion of facts, says a press release. The meeting was called to inform the Board members and seek their guidance regarding the recent developments on litigation cases that were initiated by parties having vested interest, hindering the fast track development of the Companys Projects and causing huge losses to the economy and the country. The development work at Kunnar, Pasakhi Deep, Tando Allahyar and Sinjhoro has been lying suspended since 2006. These fields could have started producing around 300 MMCFD of gas in 2009 had it moved ahead according to the original plan. With this quantity of gas available in the country there should not have been any CNG loadshedding. These projects if completed without further delay have the potential of providing relief to the masses who are suffering on account of the prevailing energy crises in the country. Besides, the board was also to be informed regarding the petition filed in the Supreme Court by Senator Qazi Hussain Ahmed vs the Federation, OGDCL, PPL and others regarding acquisition of BP Assets. However due to the sudden death of a close relative of MD / CEO, some of the agenda items were dropped and no discussion whatsoever as reported in the press took place either before the meeting or during the meeting. Such exploitation of information reflects the ill intent of spreading sensationalism and in no way contributes to dissemination of facts in their true perspective to the readers.