Petroleum Minister reveals Rs4.5bn gas supply project for Karachi

May 16, 2024 (MLN): Considering the depleting gas reserves in the country, the government has launched a project worth Rs4.5 billion to improve gas supply to various areas of Karachi, Minister for Petroleum Musadik Malik disclosed while responding to a Calling Attention Notice in the National Assembly today.

According to the Minister, Pakistan's piped gas is annually depleting by 14% to 15%. 

He emphasized blending the domestic gas and the imported LNG to ensure uninterrupted gas supply to the people and that the middle and lower class should be prioritized in terms of gas provision.

In his remarks, Minister for Finance Muhammad Aurangzeb told the House that no new legislation is being proposed to extend tax and duty exemptions for erstwhile FATA and PATA regions. He said these exemptions were continuing for six years and now are coming to an end on the 30th June this year.

The Minister said that the business community in their interactions on the budget is insisting on a level playing field for all the industries.Various documents were also laid before the House today.

These included the Report of the 1st biannual Monitoring on the Implementation of 7th NFC Award, the Mid-Year Budget Review Report for the Financial Year 2023-24, the Fiscal Policy Statement 2024, the Debt Policy Statement January 2024 and the Performance Monitoring Report for the current fiscal year.

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