Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Business

Govt collected Rs250b GIDC in five years

byCT Report
04/05/2017
in Business
Share on FacebookShare on Twitter

ISLAMABAD: The government has collected Rs 250 billion on account of gas infrastructure development cess (GIDC) during the last five years

However, the Ministry of Petroleum and Natural Resources has yet to collect Rs 130 billion from various companies including fertilizer and CNG sectors they owe from January 2012 to March 2017.

You might also like

Punjab revises property valuation rates to attract UAE & Gulf investors

05/05/2026

Arif Habib-led consortium moves to acquire remaining 25pc stake in PIA

04/05/2026

The ministry told this to the National Assembly Standing Committee on Planning, Development and Reform, which was met with Abdul Majeed Khan Khanan Khail in the chair at Parliament Lodges. The committee discussed the issues relating to PSDP-2016-17 and audit report of Ministry of Planning, Development and Reform, besides other things.

An official of Ministry of Petroleum and Natural Resources told the committee, “If we include Rs 130 billion amount from various companies which are in litigation then the amount would become Rs 380 billion from January 2012 to March 2017.” He said that a total of Rs 25 billion have been allocated for Iran-Pakistan Gas Pipeline project, Turkmenistan-Afghanistan-Pakistan-India (TAPI) Pipeline project and Gwadar-Nawabshah Gas Pipeline Project.

Related Stories

Punjab revises property valuation rates to attract UAE & Gulf investors

byCT Report
05/05/2026

LAHORE: The Punjab government has started revising property valuation rates across multiple districts in an effort to attract foreign investment,...

Arif Habib-led consortium moves to acquire remaining 25pc stake in PIA

byCT Report
04/05/2026

KARACHI: The consortium led by Arif Habib Corporation Limited has notified the Privatization Commission of its intent to acquire the...

Pakistan’s inflation hits two-year high at 10.9pc in April

byCT Report
02/05/2026

ISLAMABAD: Pakistan’s inflation surged to a near two-year high of 10.9% in April, driven by rising fuel prices, global supply...

CCP approves PIA acquisition by Arif Habib-led consortium

byCT Report
30/04/2026

ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the proposed acquisition of Pakistan International Airlines Corporation Limited (PIA) by...

Next Post

Russian arrested at Schiphol with poisonous snakes in rucksack

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.