The Supreme Court has cancelled the LPG quota agreement between Jamshoro Joint Venture Limited (JJVL) and Sui Southern Gas Pipeline Limited.

The court has ordered the Federal Investigation Agency [FIA] to investigate the agreement and submit a report in a month.

The Supreme Court of Pakistan Wednesday issued its verdict in LPG quota case and declared null and void 2003 LPG quota agreement between the Sui Southern Gas Company (SSGC) and Jamshoro Joint Venture Limited (JJVL) companies.

The verdict, which was earlier reserved on 22 Oct 2013, was issued by the apex court’s bench led by Chief Justice Iftikhar Muhammad Chaudhry and comprising Justice Jawad S.Khawaja and Justice Gulzar Ahmad.

In its orders, the court declared the LPG quota deal as ‘nontransparent’ and cancelled agreement between the two groups. The SC ordered that all losses should be recovered.

The court directed Federal Investigation Agency (FIA) to probe into the deal and submit a report within 30 days.

Meanwhile, Khawaja Asif, who had challenged the deal in Supreme Court, hailed the court verdict, saying that “all requirements of the justice were met by the Supreme Court.”

He said that political figures and establishment’s bigwigs were involved in the deal of allotment of quota, inflicting loss of billions of rupees to the national exchequer.

Later talking to the media outside the Supreme Court‚ Minister for Water and Power Khawaja Asif‚ who had filed petition against the LPG quota in 2011‚ termed the apex court's decision as historic.

He said the LPG quota scandal has caused loss of billions of rupees to the national exchequer.

He said several prominent personalities and politicians of the era of former president Pervez Musharraf were involved in the scam.