GIDC Act has put Rs 450b CNG investments in jeopardy: Shuja

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All Pakistan CNG Association captain (r) central chairman Shuja Anwar on Friday said that GIDC act had specifically targeted the agonized CNG sector putting Rs 450 billion investments in jeopardy. He said that CNG was the only sector which had been asked to deposit GIDC of the past years while rest of the sectors were asked to do the same which was discrimination.

Speaking to an emergency meeting of the central executive committee of the APCNGA, he said the government aimed to receive 10 per cent of the GIDC amount from the ailing CNG sector while the rest of the 90 per cent amount that other sectors were supposed to pay has been waived which is amazing.

He said 75 per cent CNG filling stations of Pakistan were located in Punjab which had been kept closed since eight months while these outlets had worked for mere 110 days in the last two years.

Captain Shuja said how come CNG operators paid GIDC of the past years when they had not received it from consumers while there was no cushion in the pricing which had not been reviewed since last three years. He said that CNG prices must be deregulated and all the closed stations must be opened immediately.

The central chairman of the APCNGA said that the government had imposed two different slabs of cess on the CNG stations which was Rs 200 per mmbtu in one region and Rs 253 per mmbtu in other fanning provincialism. He said that CNG sector was paying highest tariff of Rs 656 per mmbtu as compared to any other gas consuming sector but it continues to brave step motherly attitude of the authorities.