Gas Companies Would Have To Pay Rs 417 Billion To Govt As GIDC: SC

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Gas companies would have to pay Rs 417 billion to govt as GIDC: SC


A SC three-member bench rejected the companies’ petitions and allowed the government to collect amount Rs. 417 billion from these companies for Gas Infrastructure Development Cess (GIDC).

ISLAMABAD: (UrduPoint/Pakistan Point News-August 13th, 2020) The Supreme Court held that the gas companies would have to pay a total amount of Rs 417 billion to the government as Gas Infrastructure Development Cess (GIDC) on Thursday.

A SC three-member bench led by Justice Mushir Alam announced 78-page judgment with two-to-one majority. Justice Faisal Arab authored the judgment while Justice Mansoor Ali Shah wrote the dissenting note. Rejecting the petitions filed by the companies, the court allowed the government to collect the GIDC.

Previously, the PTI government had issued an ordinance through which it had waived an amount of Rs220 billion. However, the move was withdrawn after facing severe criticism from the opposition parties.

Fida Hussnain

Fida Hussnain is a lahore based journalist. He writes on politics, religion, social issues and climate change. He is also a research fellow at University of Gujrat.