FM expresses concern to recover Rs447bn of GIDC

By MG News | December 27, 2022 at 10:10 AM GMT+05:00

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December 27, 2022 (MLN): Finance Minister Ishaq Dar has expressed serious concerns over the non-recoveries of Cess dues and the government's resolve to recover Rs447 billions of Gas Infrastructure Development Cess (GIDC) from defaulters, a press release issued on Monday showed.

A meeting was held at Finance Division, chaired by Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar on Gas Infrastructure Development Cess (GIDC).

The meeting was apprised of amount of outstanding Cess recoveries from various entities and discussed GIDC Acts and Supreme Court’s order in this regard.

During the meeting, it was informed that Rs447bn is still outstanding and needed to be recovered and there are 3,194 petitions in various Court of laws.

He further directed the authorities to share updated break-up of arrears of sector wise GIDC in the next meeting in order to frame up legal and administrative strategy for fast-track recovery of the outstanding GIDC outstanding dues.

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