Karachi, January 23, 2020: The Government’s decision to withdraw GIDC on fertilizer sector will result in a lot of ambiguity pertaining to future urea prices since the GIDC is not payable on the complete gas mix of all the fertilizer manufacturers. Fatima Fertilizers has GIDC payable on none of its Feed gas whereas Engro Fertilizers’…
Islamabad, September 4, 2019: The Prime Minister house on Wednesday clarified the case of Waiver of Gas Infrastructure Development Cess (GIDC). The total amount stuck in the GIDC litigations from January 2012 till December 2018 is about Rs 417 billion. In the first round of litigations, the Supreme Court lease to annual the GIDC statute….
Karachi, August 29, 2019: In a much awaited development, the Govt. has issued ordinance of Gas Infrastructure Development Cess (GIDC), wherein the Govt. has waived 50 percent of outstanding amount for fertilizer sector, captive power plants, KESC/GENCOs, and IPPs sector. History of GIDC can be traced back to 2011 when the Govt. imposed additional Cess…
Islamabad, July 18, 2019: The fertilizer industry has asked the federal government for immediate settlement of GIDC. The fertilizer industry, in order to prevent an adverse situation that could cause Government serious problems, has been providing its major contribution towards the employment and the national exchequer. It fully supports the Government nonetheless anticipates that to…