Islamabad December 26 2022: Government of Pakistan targets to recover nearly PKR 450 billion on account of Gas Infrastructure Development Cess (GIDC) from defaulters decided by Ministry of Finance.
Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired a meeting on GIDC and expressed resolve of the government to recover outstanding dues from the defaulters on account of Gas Infrastructure Development Cess (GIDC), reported by Ministry of Finance.
Government is looking for various revenue generation sources as Federal Board of Revenue (FBR) is trying to achieve the unprecedented monthly target of PKR 965 billion in December.
The Gas Infrastructure Development Cess (GIDC) was imposed as a levy by the government in 2011 on gas consumers in the industrial sector. The money collected was to be used for the construction of infrastructure projects such as the Iran-Pakistan pipeline, the Turkmenistan-Afghanistan-Pakistan-India pipeline and other the Liquefied Natural Gas (LNG) projects.
