Outcry causes govt rethink of gas cess relief

Amid growing criticism over a lucrative amnesty being extended to fertiliser plants, power plants and other industries, the federal cabinet has directed law ministry to examine how another amendment could be made to the recently introduced Gas Infrastructure Development Cess (GIDC) Amendment Ordinance, 2019. The govt. has come under pressure for allowing 50% discount on around PKR 420Bn GIDC, payable by fertiliser plants, power plants, general industry and CNG sector. The decision to amend the controversial ordinance has been taken amid the opposition’s plan to shoot it down in the Senate where the govt. lacks a majority.

9/4/2019