ISLAMABAD (Ahmed Mughal):. The Imran led Government has withdrawn GIDC ordinance to waive off Rs.208 billion arrears of industrialists after mounting public pressure. The government has decided to seek intervention of the Supreme Court for settle the issue.

Prime Minister Office issued a statement in this regard on Wednesday. According to the statement, the Govt has withdrawn the Gas Infrastructure Development Cess ordinance 2019. The Govt has waive off the arrears worth of Rs.208 billion against some industrialists through GIDC ordinance like amnesty. It has offered the defaulters to pay 50 percent amount and govt will write off remaining 50 percent amount. The defaulters including some fertilizer industrialists, K-Electric, Power Genecos, general industry etc were beneficiaries.

The statement mentioned, “the prime minister made the move in the interest of transparency and good governance”.

The PM has also directed the Attorney General to move an application for urgent hearing in the Supreme Court. The total amount also in limbo due to GIDC litigation is about Rs.417 billion from January 2012 to Dec 2018.

The PM also cautioned the nation that the court can decide either in favor or against it.

The Pakistan Peoples’ Party government had imposed the GIDC as levy in 2011 on gas consumers in the industrial sector. The govt also had to use this money for the construction of infrastructure projects of gas pipeline.

Advisor to Prime Minister on Finance Dr Abdul Hafeez Shaikh also spoke in press conference with other cabinet members in very depress situation. He said that the govt wanted to settle this issue out of court. Some elements on media and social media were criticizing the positive step of the government. He said that now court will decide the fate of the GIDC.

LEAVE A REPLY

Please enter your comment!
Please enter your name here