Preparing draft: Ministry working to settle GIDC issues

ISLAMABAD: Ministry of Petroleum and Natural Resources is in the process of preparing recommendations for settling issues related to Gas Infrastructure Development Cess (GIDC) with different entities. “The ministry has been given the task, by a special committee of the Senate, to constitute an internal committee for preparing a draft mechanism to settle GIDC collection and payment issues,” official sources said Monday. Accordingly, they said, the ministry was preparing a draft mechanism to determine which entities had collected the GIDC from their consumers but did not deposit in the national kitty. The ministry would submit the draft before the Senate Special Committee, discussing implementation of report on GIDC-2015, on January 31 in consultation with the committee members.

Published in The Express Tribune, January 24^th, 2017.

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