March 30, 2023
Finance Pakistan

Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired a meeting on Gas Infrastructure Development Cess (GIDC)

Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired a conference on Gas Infrastructure Development Cess (GIDC) at the Finance Division, today.

Minister of State for Finance and Revenue Dr. Ayesha Ghous Pasha, Minister of State for Petroleum Mr. Musadik Masood Malik, SAPM on Finance Mr. Tariq Bajwa, Secretary Finance, Deputy Attorney General, MD OGDCL, ambassadors of SNGPL, SSGCL, PPL and senior officials from Finance and Petroleum battalions accompanied the conference.

The conference was notified of the quantity of tremendous Cess healings from different commodities and examined GIDC Acts and Supreme Court’s decree in this respect. It was notified that Rs. 447 billion is still huge and needed to be regained and there are 3194 petitions in different Court of ordinances.

Analyzing the Court’s judgments and stay declaration, the Finance Minister conveyed profound problems over the non-recoveries of Cess dues and conveyed determination of the government to regain each penny from the defaulters on statement of Gas Infrastructure Development Cess (GIDC). He distant oversaw the administrations to percentage updated break-up of arrears of sector wise GIDC in the following conference in decree to frame up lawful and executive technique for quickly path healing of the tremendous GIDC tremendous dues.

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