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Pressure gauges, pipes and valves are pictured at an "Dashava" underground gas storage facility near Striy, Ukraine May 28, 2015. Ukrainian state energy firm Naftogaz paid Russia's Gazprom another $30 million in prepayment for gas supplies, the Ukrainian company said on Wednesday.  REUTERS/Gleb Garanich

Pressure gauges, pipes and valves are pictured at an "Dashava" underground gas storage facility near Striy, Ukraine May 28, 2015. Ukrainian state energy firm Naftogaz paid Russia's Gazprom another $30 million in prepayment for gas supplies, the Ukrainian company said on Wednesday. REUTERS/Gleb Garanich

Special body to discuss report implementation on GIDC Bill-2015

byCT Report
02/12/2016
in Business
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ISLAMABAD: Senate Special Committee will discuss implementation of report on the Gas Infrastructure Development Cess (GIDC) Bill-2015 on Friday.

Earlier, the body had recommended that the bill should be treated sector wise and noted that all sectors were ready to pay but not retrospectively.

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While, the ministry took the stance that The GIDC Act 2015 as passed by the parliament provided that the cess collected by the company from gas consumers under the GIDC Act 2011 and GIDC Ordinance 2014 would be valid under the provisions of the GIDC Act 2015. “Therefore, the question of not paying the cess retrospectively does not arise.” The body is in the process to find a mechanism for identifying the entities/sectors that had collected GIDC from consumers, but did not pay to the government.

The committee, headed by Ilyas Ahmad Bilour, is consisted of members Lt Gen (Retd.) Abdul Qayyum, Islamuddin Shaikh, Professor Sajid Mir, Muhammad Zafarullah Khan Dhandla, Saleem Mandviwala, Osman Saifullah Khan, Muhammad Ali Khan Mohsin Aziz, Muhammad Talha Mahmood, Hasil Khan Bizenjo, Hilal ur Rehman, Saeed Ghani, Saeed Hassan Mandokhail, Muhammad Usman Khan Kakar and Muhammad Mohsin Khan Leghari.

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