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Senate panel recommends Rs200b GIDC recovery

NEWS DESK
ISLAMABAD
A parliamentary panel on Friday recommended that the government should recover the outstanding gas infrastructure development cess (GIDC) in six installments from defaulter business tycoons who have got a tax relief of Rs200 billion.
The Senate Standing Committee on Petroleum, in a meeting chaired by Senator Mohsin Aziz, was informed that different sectors had to pay Rs416 billion in GIDC earlier, but the government waived 50% of the dues.
The government wanted to recover the remaining 50% cess in two installments, but the Senate committee recommended its collection in six installments.
In the meeting, Petroleum Minister Ghulam Sarwar Khan acknowledged that public gas utilities had applied a wrong pressure factor while preparing bills for 3.3 million consumers, which inflated their bills.



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