GIDC

Council will probe failure of companies to deposit GIDC of billions of rupees

Despite US sanctions, Islamabad accelerates project to avoid $18b penalty

ECC meeting stresses importance of pursuing court cases against alleged irregularities

Public Accounts Committee panel summons K-Electric over non-payment to SSGC

It will also mull request for amendment to PQA master plan for LNG terminals

Project will be funded through gas infrastructure development cess

Pakistan's fertiliser sector insists it is making efforts for workable solution

SAPM Nadeem Babar discusses GIDC and other issues with Aptma officials

Manufacturers warn of raising urea prices by 17% if govt tries to recover GIDC

Finance aide says PM Imran will announce second relief package in few weeks

Industrialists suggest collection be utilised for stalled projects

Apex court directs govt to take steps to begin work on the pipeline in six months

Federal govt will collect Rs420 billion from various companies

Govt told to provide office to commission formed for minorities’ rights

Court irked at presence of junior officials, hearing adjourned till Tuesday

Adjourns hearing of Gas Infrastructure Development Cess case until today

Ministry of Petroleum says principal amount stands at Rs457b, while delayed payments add another Rs77b

Absence of triggers, upcoming monetary policy announcement keep investors sidelined

GIDC applicable to fertiliser producers was cut by Rs400 per bag

ECC discusses summary to increase gas prices, defers matter till next meeting

Discusses bringing fertiliser prices on a par with international rates

Industry says cost of urea production will rise after gas price hike

Asks why govt not briefing parliament with regard to IP, TAPI projects

Lawyer argues parliament can’t bypass CII decisions

Calls for immediate measures to ensure a cut by Rs100 per bag

Fall comes due to seasonality factor, price hike

Did not file challenge to 369 SHC decrees against levy imposed to generate funds for mega projects

Ahsan Iqbal says PTI govt running corruption ring behind façade of transparency, accountability

Levy should be abolished as it has not been utilised for designed purpose

Bench says proceedings would be conducted on day-to-day basis from next date of hearing

Regrets withdrawal of ordinance will affect industrial production

It is not yet decided which bench will hear the pending case

Approaches apex court through AGP with request to take up case pending for many years

Applications will be filed in the Supreme Court as well as the Sindh High Court today: sources

Latest move comes after govt faces criticism for waiving Rs300b worth GIDC dues in favour of a few industrialists

Omar Ayub says presidential ordinance on GIDCs not a free lunch

PTI govt writes off half of liabilities of industrialists, late payment surcharge

Decision aimed at offsetting impact of hike in gas prices

50kg bags will be priced at Rs1,890 including dealer margin of Rs50

Tycoons continue to collect cess from consumers, but fail to deposit it in govt accounts

Minister admits application of wrong pressure factor inflated consumer bills

Govt has slashed the cess rate to 0-50% for different sectors

The government bails out big defaulters by waiving half of their outstanding dues on account of GIDC

All consumers will suffer except for CNG stations that will pay half the amount

Non-tax revenues decrease whereas expenditures go up

Gas utilities will raise Rs175 billion for laying Karachi-Lahore pipeline

The ministry would submit the draft before the Senate Special Committee

Recovery comes with arrival of Rabi season coupled with support from subsidy package

Industry will take one to two weeks to work out price formula

Say delay in package is affecting exports of the industry