ISLAMABAD: Prime Minister Imran Khan on Wednesday decided to withdraw the Ordinance regarding Gas Infrastructure Development Cess (GIDC) and directed the Attorney General to move an application for an urgent hearing in the Supreme Court.
President Dr Arif Alvi recently promulgated the Gas Infrastructure Development Cess (Amendment) Ordinance 2019 to waive half of the outstanding liabilities of fertilizer, textile, power generation and compressed natural gas (CNG) sectors.
However, the ordinance triggered a wide range of criticism, forcing the government to withdraw it.
The statement issued by the Prime Minister’s Office on Wednesday stated that “The total amount stuck in the GIDC litigation from January 2012 till December 2018 is about Rs417 billion.”
“In the first of litigation, the Supreme Court was pleased to annul the GIDC statue. The federal government’s review petition was also dismissed by the Supreme Court. Thereafter fresh legislations were brought about, which are presently under challenge before the Provincial High Courts and a set of appeals is also pending in the Supreme Court,” PM Office statement said.
It is pertinent to mention that the total money of Rs 417 billion stuck from January 2012 to December 2018 as Supreme Court has already ordered the nullify the law.