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... s infrastructure development cess (GIDC) up to Rs300/mmBtu (million British thermal units) on natural gas consumption and giving more powers to officers of the Federal Board of Revenue (FBR) under Secti ...
Monday, 16 June 2014
2. Production cost of cement may go up.
(Highlights/Business News)
KARACHI: Cement makers anticipate further increase in their production cost after restoration of Gas Infrastructure Development Cess (GIDC). Farhan Mehmood of Sherman Securities expects an increase ...
Thursday, 09 January 2014
3. Fertiliser prices on the rise
(Highlights/Business News)
... up from Rs197 per mmbtu of natural gas to Rs300 per mmbtu. GIDC on gas to industry and captive power plants (CPPs) was raised from Rs50 per mmbtu to Rs100 per mmbtu. Ameet Daulat, a research analyst ...
Monday, 06 January 2014
4.
(Highlights/Business News)
... nt Cess declined by a massive 183pc to Rs3.05bn compared with Rs8.6bn in the same period last year, mainly because of a court case which kept collection of GIDC suspended for a considerable period.  ...
Monday, 25 November 2013
5. Govt earned Rs595bn from oil, gas in FY13
(Highlights/Business News)
...  to recover about Rs33.6bn on account of Gas Infrastructure Development Cess (GIDC) against zero collection on this account ever before because the GIDC was imposed on sale of natural gas under Financ ...
Saturday, 31 August 2013
... illion tons in 2012 due to higher urea prices owing to imposition of GST, GIDC and unprecedented gas curtailment of over 88 percent for SNGPL based four fertiliser plants. Instead of closing down any ...
Wednesday, 24 July 2013
Wednesday, 29 May 2013
8. KSE sheds 28.73pts on profit taking
(Highlights/Business News)
... 3, proposals to ECC for raise on gas prices under GIDC and economic uncertainty affected the sentiments despite easing gas shortfall issues and gas sales agreement with OGDC for fertilizer companies  ...
Saturday, 09 March 2013
ISLAMABAD - The Economic Coordination Committee (ECC) of the Cabinet on Friday approved mechanism for utilization of gas infrastructure development cess (GIDC) that was created mainly to fund the Iran-Pakistan ...
Saturday, 09 March 2013
... of Gas Infrastructure Development Cess (GIDC) created mainly to fund Iran-Pakistan Gas Pipeline Project (IP) and Turkmenistan-Afghanistan-Pakistan-India (TAPI), official sources told Business Recorder. The ...
Friday, 08 March 2013
11. Ministry to appeal IHC ruling over gas cess
(Highlights/Business News)
... Ministry officials told TheNation that the ministry decided to file an intra court appeal against the decision in which the IHC declared GIDC Act-2011 illegal and asked the ministry to adjust the money ...
Wednesday, 13 February 2013
12. Pak-Iran gas pipeline talks today
(Highlights/Business News)
Monday, 11 February 2013
Saturday, 02 February 2013
Friday, 01 February 2013
15. Cabinet ratifies Iran pipeline agreement
(Highlights/Business News)
... gas infrastructure development cess (GIDC). The Iranian loan will carry an interest at about London Inter Bank Offered Rate (LIBOR) plus two per cent. According to an official statement, a commi ...
Thursday, 31 January 2013
16. Ogra proposes big hike in CNG price
(Highlights/Today's Pick)
... f sales tax or gas infrastructure development cess (GIDC) because these rates were based on budgetary projections for construction of gas pipeline projects. The petroleum ministry also expressed i ...
Thursday, 27 December 2012
17. CNG stations closed as talks fail
(Highlights/Business News)
...  domestic consumers and fertiliser companies, at lower rates. It also demanded gas infrastructure development cess (GIDC) should be paid by all consumer sectors at a uniform rate and claimed that the CN ...
Tuesday, 27 November 2012
18. APCNGA demands uniform gas rates, taxation
(Highlights/Business News)
... ng Rs 100 as Gas Infrastructure development Cess (GIDC) which if introduced in CNG sector will bring prices down to Rs 48.15/kg in Region 1 and Rs 46.80/kg in Region 11. About the second option, he s ...
Thursday, 22 November 2012
Thursday, 25 October 2012
20. Prices of petrol and CNG reduced
(Highlights/Business News)
Monday, 22 October 2012
... ade by the fertilizer plants for development of transmission infrastructure will be adjusted against recovery of Gas Infrastructure Development Cess (GIDC) of the fertilizer industry, subject to verification ...
Saturday, 13 October 2012
Friday, 14 September 2012
ISLAMABAD: The Adviser to Prime Minister Dr Asim Hussain has said the government will reduce Gas Infrastructure Development Cess (GIDC) for industrial sector by Rs 50 per mmbtu and in this regard a notification ...
Saturday, 08 September 2012
24. Textile tycoons get Rs13 bn relief
(Highlights/Business News)
ISLAMABAD: The government has reduced the gas infrastructure development cess (GIDC) by 50 percent per million British thermal units (MMBTU) for the industrial sector, a senior official said on Friday. ...
Saturday, 08 September 2012
25. LNG import: a quick remedy
(Economic Updates/Exclusive Articles)
... ed to such move; changes would be made in the Ogra Act perhaps through an ordinance. A part of the Gas Infrastructure Development Cess (GIDC) approved last year and made part of current year budget ...
Thursday, 06 September 2012
26. Up to Rs8 hike in oil prices notified
(Highlights/Business News)
... ullah Paracha, Chairman All Pakistan CNG Association (APCNGA) while rejecting the government decision to hike CNG tariff said CNG industry was paying a Gas Infrastructure Development Cess (GIDC) ...
Saturday, 01 September 2012
27. Fresh look at LNG import
(Highlights/Business News)
... ure Development Cess (GIDC) approved last year and made part of current year budget would also be utilised to fund the project to reduce the cost. The RLNG supplies will cover a par ...
Monday, 23 July 2012
28. Index gains 509 points
(Highlights/Corporate News)
... r sector sentiment following no increase in GIDC for feedstock gas against earlier expectation of a Pak Rs 103/mmbtu hike, reduction in fuel stock cost by Pak Rs 35/mmbtu and record high urea offtake  ...
Monday, 09 July 2012
KARACHI - Pakistan Stocks closed lower amid thin trade as investors remained cautious ahead of corporate earning announcements. Index traded in narrow range despite improved Pak-US relations and expectations ...
Friday, 06 July 2012
... ure Development Cess (GIDC). Official added that in the current fiscal year the government has collected approximately Rs 45 billion on account of GIDS and within next two years it will collect ano ...
Thursday, 14 June 2012

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