Govt to waive off PKR 200 Bn under GIDC settlement mechanism

The govt. will waive off PKR 200Bn of the outstanding amount to various sectors under the Gas Infrastructure Development Cess (GIDC) settlement mechanism. Out of the total PKR 416Bn outstanding billed and un-billed GIDC, the govt. will waive off half or PKR 208Bn to fertilizer, IPPs, industries, Gencos /K-Electric, captive power and CNG sectors.

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