Gas cess yields Rs332bn in 10 years

Published January 21, 2022

ISLAMABAD: The government has collected Rs332.107bn under the Gas Infrastructure Develop­ment Cess (GIDC) from January 2012 till Oct 31, 2021.

Out of the total collection, the government had spent Rs2.82bn on infrastructure projects — Turkmenistan, Afgha­nistan, Pakistan and India (TAPI) Gas Pipeline and Pakistan Stream Gas Pipeline (PSGP), according to an official document available with APP.

The two gas pipeline projects have great significance for the country as its existing hydrocarbon deposits are dep­leting by 9pc annually and the oil and gas exploration companies could not find any major deposits.

Under the PSGP project, a 1,100-kilometre pipeline would be laid to transport 1.6 billion cubic feet per day of gas (mainly imported liquefied natural gas) from Karachi to Lahore, in collaboration with Russia.

Under the TAPI project, a gas pipeline would be laid from Turkmenistan through Afghanistan and Pakistan up to Pak-India border.

The planned construction and commissioning time of the project is two years after achievement of the financial close.

Published in Dawn, January 21st, 2022

Opinion

Editorial

1971 in retrospect
Updated 28 Nov, 2022

1971 in retrospect

The point of no return came when the military launched Operation Searchlight in March 1971.
Gender-based violence
28 Nov, 2022

Gender-based violence

IT is a war without boundaries and seemingly without end. A UN report on femicide released on Nov 25, the...
Battle against dacoits
28 Nov, 2022

Battle against dacoits

THE Punjab police is clearly fighting a formidable, and so far losing, battle against the criminal gangs based in ...
Policy rate hike
Updated 27 Nov, 2022

Policy rate hike

The decision to hike the policy rate by 100bps is a step in the right direction, even if intended to appease the IMF.
Vawda’s reprieve
27 Nov, 2022

Vawda’s reprieve

FAISAL Vawda should be relieved. After years of running from a reckoning for submitting a false declaration in his...
Gujarat’s ghosts
27 Nov, 2022

Gujarat’s ghosts

TWO decades have passed since the bloody Gujarat riots, one of the worst spasms of anti-Muslim violence witnessed in...