ISLAMABAD, Sep 3 (APP):The Gas Infrastructure Development Cess (GIDC) Ordinance 2019 has been brought in a transparent manner as it is not a free lunch being given to anyone because it will help the government collect Rs 42 billion instead of Rs 15 billion following settlement with litigant companies.
Flanked by Special Assistant to the Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan and Special Assistant on Petroleum Division Nadeem Babar, Minister for Energy Omar Ayub Khan on Tuesday told the media that lengthy discussions were held with all the stakeholders on the GIDC issue before promulgation of the ordinance.
Strongly refuting the allegations of giving a favour to some particular companies, he made it clear that the GIDC was not a new tax as it was imposed in 2011 by the then government for developing gas infrastructure in the country, which, however, was utilized for budgetary support.
